"Wipe out all cash advance companies" makes for a good soundbite and headline, but that isn't what he is really looking to do. He wants to get rid of the criminal element and get the industry regulated, so the merchants have a suitable remedy (i.e. arbitration) and the brokers can be regulated and corralled in. Too many bad actors and young spoiled punks floating around who think rules don't apply to them and they can do whatever they want....while helping to tear down the foundations of small business. To be doing this in an election year too?