[fundingsmbs]

databases are great if the data entered is accurate and correct. in the past, NAMAA was a database used by NAMAA members and "some members" listed a merchant as defaulted only to learn, they really never defaulted. So how do you build a database that is transparent and has everyone's interest in mind. blacklisting a broker because one funder is pissed at broker or had a one off situation is unfair and could lead to lawsuits against the funder and database by broker

4) Directly contact a list of lenders who you work with, send them the email chain (PDF) and tell them, "_____ has been blacklisted from working with Midnight, I recommend you double-examine the merchants that ___ brings you moving forward, and examine if you want to continue working with _____."

If a litigation attorney got a hold of this email and the broker is blocked from working in the industry due to "x" company sending that to other funder's, you opened thing's up to a very litigious scenario if it's proven wrong.

As a funder/company, you have to make a decision if you want to work with broker's. If you decide you need them to scale your company, it will come with risk. You will need to manage each ISO partner and determine case by case which partner's are aligned with your company and which one's aren't and cut those off that are not.