[fundingsmbs]

merchant's who need the money, even if disclosed, will still sign to get the money. Will some merchant's jump out of their seat if an APR is disclosed on front page of contract? Yes. Time will tell how this shapes the industry in Cali and if other states adopt the practice in the future

[Karen37a]

merchant's who need the money, even if disclosed, will still sign to get the money. Will some merchant's jump out of their seat if an APR is disclosed on front page of contract? Yes. Time will tell how this shapes the industry in Cali and if other states adopt the practice in the future

Articles on unconscionability

https://www.sfchronicle.com/bayarea/...e-13153780.php

https://www.americanbanker.com/news/...lif-high-court

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Calif. Supreme Court: High-Interest Loans May Be Subject to Price Unconscionability Attack ( this was a consumer payday loan)

I still believe ( I am not a lawyer) "plaintiffs have the burden of proof an and will have to prove that the lender" operated in a noncompetitive market or charged interest at rates that departed significantly from rates charged by competitors," and whether the rates were excessive in relation to costs and/or generated excessive profits"

And this is where the bice comes in...best pricing

Some Lenders like pp are at 9% ?

You add Fiduciary into this mix anyone who doesn't meet or beat that rate will be in breach of Fiduciary Duty

** And I am repeating myself again...there are going to be lawsuits set up just so merchants can weasel out and debt relief is going to go on the attack( this is the major reason for me not getting a Calif Licence and past posts have me stating" you are going to get sued" )

And numerous people wanted regulation...advocated for it, over and over and over me beating against it over and over and over...they wanted this and pushed for it


*** I can see one way to possibly protect against liability. I am going to check financial privacy laws before I toss the solution out ***...and repeating I am not a lawyer so the idea will have to be checked


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As I sit here thinking about all this like bad dream some people should realize that some of us have squeaky clean ex-licences because we try to know the laws and rules, possibilities, landmines and traps. I said in the past its like I am watching people being herded like sheep into a fire pit from hell numerous time and that it is hard for me to stay silent watching it.
And disparaging my background to get a point across, then looking into it and then You found out I was in Igc ..big bang theory classes, 12th grade reading and math level n the 3rd grade, played the clarinet, was on a swim team at the YMCA , gymnastics team, tennis team, Ymca Leader club Vice president, youth and govt, volunteers for handicapped swim, and taught the underprivileged kids to swim, sat morning program coordinator 4 years from 9th grade to 12th ( taught kids gym, swimming and arts and crafts...every sat morning).. and was most popular in High school., aerobics instructor and a lifeguard, driving around in a red BMW convertible ..happy? Made you feel better or worse?)


I do not have a crystal ball to see things. In business, you live through things ...30 years of living through things in financial services.. I think I understand some of it. I know Regulation is a nightmare. I was not hiding from something crazy like he tries to make it seem so he can get his piker agenda through.

The overconfidence of some who think because they can say "vertical" 'box" and other industry jargon terms that makes them relevant in some way.
People use other peoples false ego against them to con them. Take their shoes right out from underneath them as they are saying "thank you for letting me call myself CEO on a business card because id never be 1099"...(great send me your deals..white label) (" you are 1099 you fool..Karen").

This is not a game anymore...I told everyone that months ago.

People need to regroup...i said NOW OR NEVER 100 times...this is really the last time I am helping

People in Calif should be pissed off

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You have bled with Wallace now bleed with me

https://www.youtube.com/watch?v=eclbaC3q94k


Add Edit...I forgot that I played softball....pitcher and shortstop, over 400 batting average .. MVP ..went to the state regionals lost in the final game( they broke our team up said it was unfair, we were slaughtering people 40 -0)...they made rules to stop the games ..we would have won if they didnt break us up... and did ballet, tap and jazz dance

Some were predestined for wall st( from hard work up t 5 am before school to go to swim practice)...some a truck driver ( and there is nothing wrong with it but this is Finance)...we are a capitalistic society, not socialists...deal with it

Once we were broken up...my best friend hit a home run off of me to win a final game( the following year.)..i didnt know if I should hug her or cry...we did hug each other on the mound ...some of you people need to learn how to lose with dignity