[Onepointwhat]

Can’t think of any.

I’m gonna run with my conspiracy theory: understanding the economy is about to slow, current merchants may find themselves defaulting on advances, and these guys want to collect without the COJ funders jumping in line. So they proactively fed this story in hopes of getting the COJ guys out of the way when it comes to collections.

I like the conspiracy. Instill "the enemy of my enemy is my friend" moment. So when some poorly timed regulation hits just before a recession, the "higher-tier" lenders/funders have put some distance between them and the "lower-tier" lenders/funders, thus mitigating regulatory damage.

[arealfundguy]

Love a good conspiracy theory does not seem far off. But there is plenty of no coj 2nd position company’s like Lendini, Forawrd and Knight that don’t need a coj on every deal .Brokers know those deals are the easiest to stack and they operate clean practices with brokers and clients.COJ only funders will have to live without cojs eventually 2nd position funders that used to use a COJ on every deal will go out of bussiness or adjust and lower there funding amounts and underwriter better.