[Sean Cash]

Out of the Nj one?

Because Calif is a law.

I did ask in your opinion on how you feel that these regulations help??

Yes out of the NJ bill.


There is still an annualized interest rate requirement in it. The bill is advancing. It made it through the committee. It has momentum.

[Karen37a]

Yes out of the NJ bill.


There is still an annualized interest rate requirement in it. The bill is advancing. It made it through the committee. It has momentum.

I still do not see how turning advances into loans...that have criminal usury caps on them helps anyone

Double dipping even from A paper will be banished which means more risk less profits

If there is a reason that I am not seeing..maybe you can explain it to me.

[J.Celifarco]

I still do not see how turning advances into loans...that have criminal usury caps on them helps anyone

Double dipping even from A paper will be banished which means more risk less profits

If there is a reason that I am not seeing..maybe you can explain it to me.

it isnt a good thing for us as an industry, this is going to screw us but this is better then if they had the APR language still in there.. I dont think anyone is saying this is good, just saying it is less bad then the alternative

[Karen37a]

it isnt a good thing for us as an industry, this is going to screw us but this is better then if they had the APR language still in there.. I dont think anyone is saying this is good, just saying it is less bad then the alternative

Well I do recall alot of people ** edit saying regulation would be great for over 3 years now and people pushing for this

while I pushed against this...having 5-10 people saying that I do not want regulation because I cant get thru a background check

[WestCoastFunding]

Well I do recall alot of people ** edit saying regulation would be great for over 3 years now and people pushing for this

What people wanted was national regulation — especially to prevent the state by state piecemeal.

[Karen37a]

What people wanted was national regulation — especially to prevent the state by state piecemeal.

It doesnt work that way. and you need to be the first person to apologize...and I do not really care about 99% of the rest


Just like blue sky laws investments ...state by state

https://en.wikipedia.org/wiki/Blue_sky_law

[WestCoastFunding]

It doesnt work that way. and you need to be the first person to apologize...and I do not really care about 99% of the rest

Yes, National regulation works. It’s much preferable to state by state. Apologize for what? You for getting your facts screwed up?

[WestCoastFunding]

It doesnt work that way. and you need to be the first person to apologize...and I do not really care about 99% of the rest


Just like blue sky laws investments ...state by state



https://en.wikipedia.org/wiki/Blue_sky_law

Oh, no ****, Karen. But once you have federal regulation in place the state’s back off. But when there is NO regulation in place, and aren’t proactive in shaping the inevitable, you get stuck with a state by state mess.

Who’s shaping it now? Brain-dead populists and the banks protecting their loans from MCA-induced defaults.