Results 26 to 41 of 41
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09-28-2018, 01:48 PM #26Karen37aGuest
I was a Compliance officer none of you say Apr again...not even the ex-regulator fool
and its not a loan its an advance
and they are not lending its funding
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09-28-2018, 01:53 PM #27
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- Oct 2016
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- 4,318
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09-28-2018, 01:54 PM #28Karen37aGuest
They did not create the metric yet...they are leaving it up to the dbo to decide and the stupid smart box says apr on it for cash advances
https://innovativelending.org/smart-...closure-depth/
this looks like a loan contract there for it is one ...I could nullify this cash advance and move to not pay it back in 5 seconds flatLast edited by Karen37a; 09-28-2018 at 02:01 PM.
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09-28-2018, 01:59 PM #29
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- Oct 2016
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- 4,318
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09-28-2018, 02:02 PM #30Karen37aGuest
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09-28-2018, 02:06 PM #31
- Join Date
- Dec 2017
- Posts
- 397
how about estimated annual cost of capital
i see what you're saying
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09-28-2018, 02:07 PM #32
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- Dec 2017
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- 397
is this why loan me hasn't been funding any deal lately? anyone else noticing that... or we just in a slump with them ?
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09-28-2018, 02:08 PM #33Karen37aGuest
yes that's better but ..its hard to form a metric to compare apples to apples because of the daily payment etc but the acc is better
so they want to slap apr on it....everyone will be fined and have sanctions for turning cash advances into loans and you will lose in court instantly
They know this...they are just knocking mca outLast edited by Karen37a; 09-28-2018 at 02:10 PM.
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09-28-2018, 02:13 PM #34Karen37aGuest
I hope yall didn't think they were after me because of my dazzling personality
they wanted me to shut up and go away ...like kevin said
off to close end of month
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09-28-2018, 02:16 PM #35
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09-28-2018, 02:51 PM #36Karen37aGuest
Please you and I and my hedge fund friends debated doody frankenstien extensively
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Trump signs the biggest rollback of bank rules since the financial crisis
Congress Approves First Big Dodd-Frank Rollback
https://www.cnbc.com/2018/05/24/trum...gulations.html
West coast just one question for you. How are you a sadist and a libtard socialist all at once?
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09-28-2018, 04:09 PM #37
- Join Date
- Jun 2014
- Posts
- 541
SB-1235 was enrolled on the 7th. Hasn't this already become law? The regulation will take some time, but what is all this talk of Veto . . .?
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09-28-2018, 04:11 PM #38Karen37aGuest
The Gov has until today or the 1st to either sign it into law or Veto it
Add
He has until Sunday to sign the law or Veto....call
https://community.cfa.com/tsl/tslextra/badbill
Bad Bill with Good Intentions
By D. Michael Monk
As President of the Commercial Finance Association (“CFA”), which is a trade organization representing hundreds of banks and asset-based lenders doing business in California and throughout the United States providing tens of billions of dollars in working capital annually to small and medium-sized businesses, I am urging Governor Brown of California to veto the recently passed bill, CA SB 1235, which was introduced by Senator Steve Glazer.
https://www.americanbanker.com/opini...s-lending-bill
The Commercial Finance Association believes SB 1235 will cause irreparable harm to the asset-based lending and factoring industries by creating an environment that causes confusion to the borrowers, rather than more transparency. We respectfully ask Gov. Brown to veto this bill as it ensnares reputable and well-established commercial finance lenders, along with the subset of predatory term and cash advance lenders at which it is aimed. Our association is committed to transparency and would welcome the opportunity to help craft legislation that attains the goals of this bill, but without the unintended consequences.Last edited by Karen37a; 09-28-2018 at 05:42 PM.
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10-01-2018, 12:41 PM #39
- Join Date
- Feb 2018
- Posts
- 1,349
he signed it.
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10-01-2018, 12:43 PM #40Karen37aGuest
If he didn't change certain things they will be imploded on
I will have to read the exact language
And you cant change banking laws and rules to suit your needs ...I am sure it will be challenged on a Federal level...also maybe an appeal
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https://www.youtube.com/watch?v=eclbaC3q94k
You have bled with Wallace now bleed with meLast edited by Karen37a; 10-01-2018 at 01:21 PM.
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10-01-2018, 03:33 PM #41
- Join Date
- Mar 2016
- Posts
- 42
So do we need to have a CFL to do California deals now since it passed?
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