Bumping this post due to current relevance. Simultaneously rising acquisition costs and reduced average commissions are spreading to most of my ISO's, if not all of them.

Lenders are hemorrhaging their capital while providing longer terms, lower rates, and less underwriting. On Deck is taking $18MM losses in a single quarter and their cash reserves are dwindling ($117MM is hardly a small number, but I digress).

Penny for your thoughts, anyone?