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10-15-2018, 03:07 PM #1
- Join Date
- Oct 2016
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- 4,318
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.
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10-15-2018, 03:19 PM #2Karen37aGuest
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10-17-2018, 10:19 AM #3
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
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THAT is the conundrum. If folks got on the federal reg bandwagon, you eliminate this state by state mess. But it’s not a question anymore about “will” the industry be regulated, but instead when and how — states vs federal. And there isn’t a person on this board that wants un-informed state by state regulation.
Last edited by Cfairbank; 10-17-2018 at 10:21 AM.
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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10-17-2018, 02:10 PM #4Karen37aGuest
There has always been Federal and State regulations and the States want control
if the securities industry as big as it is and the loan industry as big as it is and the insurance industry as big as it is, couldn't get away from State to State regulation
the Mca Industry had ZERO chance of that ever being done...it was and will always be all or nothing
Thats like saying " we want police only on a federal level not state"
ZERO chance....it would be states as individuals first, then Fed
Credit Repair couldnt even get away form state to state regulations
__
And Ive said this before . I got chosen to read the giant compliance manuals each and every time...good thing I have most of them memorized and do not have to read millions of pages again
Good thing I am not 100 plus years old because then Id be saying " back in the horse and carriage days there was no Department of Motor Vehicles" I think it was created in CalifLast edited by Karen37a; 10-17-2018 at 02:38 PM.
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