[Karen37a]

California historically, has always been a beast regarding this space. There were two historical lawsuits in California that newbies don't know about. The suit against Advanceme and the suit against Rewards Network. Both parties had to settle. Here is a blast from the past article:

http://www.greensheet.com/emagazine.php?story_id=3088

It wasnt newbies who battled me on regulation for 3 years

some went so far they made up a stock fraud story on me to say that I do not want regulation because I cant get thru the vetting process...which is a bunch of bs

And just like I said

they amended the bill the last second like I said they would, then people like Electronic Transactions Association (ETA), whose members include companies that offer merchant financing, like PayPal Inc. and Amazon.com Inc. opposed it

and lickity split hustled it in a bing bam boom ..voted on approved

and i am sure just like Doofy frank zillions of amendments will be coming down the pipeline

__

as stated

Dodd-Frank financial reform bill, an 850-page bill that has generated over 2,000 pages of interpretive regulations so far and required “as many as 698 new regulations,”


bureaucratic suffocation of mega-bills...the wolf is in the hen house