[MCAVeteran]

https://www.marketwatch.com/story/th...ess-2017-10-24

the online payday lending business is seeing both state/federal levels attack it for its rent a tribe practice. this case is significant as they are also attacking the credit sources and infrastructures to these types of lending as well.

VPC had/has investments in companies such as Borro, on deck, kabbage, funding circle- which they pulled out of it appears, and other specialty funding companies.

[mcaguru]

10/24/17 that's like on a metaphor 1966 in the CFPB world (at least that's what ive been told! ---after all i know very little outside of funding super subprime and making fastest offers with far fewer stips)......

[MCAVeteran]

https://www.consumerfinance.gov/abou...t-legally-owe/

here is 11-15-2017 is that closer for you

[Jplummer]

This is why we all have a fiduciary responsibility to ensure our customers have the ability to pay. If it were not for victims of unscrupulous lenders putting them so far away from being able to maintain their monthly debt service none of this would ever happen. Not to say we could prevent all defaults. However, I will say that we have all looked at deals and said there is no way that this customer can afford this. The ones who choose to submit the deal anyway, offer up the terms anyway and close the deal anyway are the ones that will ultimately bring regulation to the entire alternate lending community. Better sometimes to walk away. I have had more customers come back to me when I have had to have that conversation with them once they have gotten themselves straightened out and eventually ended up being extremely loyal to me because I was trying to watch out for what was in their best interest.