[Jared_Weitz]

There is a segment of this industry now that feels another segment isn't playing by the rules (ethical, moral, or whatever) and it's hurting them competitively. They believe that by hoping regulation comes or inviting it to come, the competitive pressure will disappear. But that's shortsighted. Regulating your competitors means getting yourself regulated, and regulating business-to-business transactions such as these would set a dangerous precedent, not just for lending, but for American freedom.

And who is to decide who has the advantage in a b2b transaction? Would two 25 year olds borrowing money from their parents to fund a small business via MCA constitute a predatory Wall Street lender when the recipient is a 40 year old business with 50 employees and 10 million dollars in annual sales? Whose to say that one party always has the upper hand or is more sophisticated and therefore should be regulated?

Regulation in this industry would mean the hit ABC show Shark Tank would be illegal. Business owners taking crazy deals from self-professed sophisticated sharks?! Somebody better call the Department of Justice!

http://www.merchantprocessingresourc...4/05/the-deal/

Last week I had the chance to personally interview a legendary liberal congressman who laughed at the notion of b2b lending restrictions. The concept is ridiculous. Who it was will be revealed in the next magazine issue.

Ask yourself this question. If no regulation ever comes in any form, how will you continue to be competitive in this industry and what can you as a private business do to promote standards that meet ethical and moral criteria? If you can't think of anything or you don't do anything, then no change will come and it will be your fault, not the government's.

great stuff as usual Sean

[Chambo]

Not saying anything pro or con at this juncture. Just saying to arrogantly blow off any notions of it is only encouraging some young Congressman to make his name

We should be considerably more worried about self regulation.