[Chambo]

The B2B market seems like a stretch of the CFPB mandate. After all the C does stand for Consumer!

The real challenge is how can we better share the message that our industry provides fairly priced credit to an underserved small business market with little or no access to traditional bank financing. OnDeck's, Noah Breslow, does a great job of sharing this message. Check out the PBS NewsHour segment OnDeck was featured in,

http://www.pbs.org/newshour/bb/small...rs-banks-bail/

Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
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Noah is trying to push the message for merchants to come to him direct. He gives them his buy rate (no commish added), and there are no garbage fees attached.

When presented like that, their offers are considerably more attractive than anything a broker would present

[Sean Cash]

Noah is trying to push the message for merchants to come to him direct. He gives them his buy rate (no commish added), and there are no garbage fees attached.

When presented like that, their offers are considerably more attractive than anything a broker would present

Then how do their sales reps get paid? On salaries? You and I have both seen direct funders charge more for going direct than when submitted through third party brokers. The whole "it's cheaper to go direct" mantra is bogus.

[J.Celifarco]

Then how do their sales reps get paid? On salaries? You and I have both seen direct funders charge more for going direct than when submitted through third party brokers. The whole "it's cheaper to go direct" mantra is bogus.

Direct or broker means nothing. What the merchant is charged falls on one person and that is the sales agent working the deal. How much upsell and additional fees that are charged fall on the sales guy. If they want to bang the merchant over the head they will and it wont matter if they work directly for one of the big banks or for a small iso