I'm so confused on all of this. Are we supposed to pretend that were not charging 50% interest over 6 months with 5-10% fees on a lot of merchants? I mean even if we charged 30% over 12 months with 2% fees, isnt that still extremely high? I know that were also not supposed to use the word "interest" but isn't that just another way of us to "pretend" that we aren't really "lenders" so that we all don't get shut down or arrested?

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

"Subprime lenders specialize in B, C, and D paper.[18] Predatory lending is the practice of overcharging a borrower for rates and fees, average fee should be 1%, these lenders were charging borrowers over 5%.[19]"

https://www.debt.org/credit/predatory-lending/

"Predatory lenders typically target minorities, the poor, the elderly and the less educated. They also prey on people who need immediate cash for emergencies such as paying medical bills, making a home repair or car payment. These lenders also target borrowers with credit problems or people who recently lost their jobs."

https://www.credit.com/blog/what-is-...sidered%20high.

"According to the National Association of Federal Credit Unions, bank interest rates for a three-year unsecured loan range from 2.9% to 18.86%, with an average of 9.74%, which means anything over 10% is likely to be considered high."

https://www.lexisnexis.com/legalnews...20usury%20laws.

"In New York State, charging interest of more than 16% per year is civil usury. Further, in New York, charging, taking, or receiving interest of 25% or more is criminal usury."

I hate to be that guy because I make a pretty good living doing MCA but I don't see the point in publicly bashing someone for taking a stand for the merchants.