[fundgorilla]

So does anyone think that all this attention paid to the industry will lead to regulatory oversight? I don't, and here's why: We have a situation where the rates are low, and of course that's driving people into our businesses. Those rates are low to keep it cheap for corporations to borrow money, a clear priority for the current Administration. Moreover, should rates rise, I believe that means our debt payments to our Asian Overlords also rise, which could result in a downgrade of the US credit rating. Of course there's no way that's going to be allowed to happen, so rates will be low until we have an Administration courageous enough to stand the heat. Now, that situation leaves small business in the lurch with respect to funding, and we don't want the appearance that we are doing that either....

.....so my thinking is no regulations, and no raise in rates until Obama is gone. Does that make sense?

[mcaguru]

I don't have a crystal ball, I think its human nature in every profitable industry to think the feds are about to come in and regulate, it reminds me of the following, I do a lot of business with one of the largest factoring companies in America and the owner (in the late 80's) told me many times that for the last 40's years hes been telling his partner (who have together made well over 200M) that any day they will regulate the way we print money factoring (extremely large receivables) well guess what?? (is how he put it) after 40 years that day has yet to come!!!!!..

[CreditGuy]

Avoiding regulation is easy.

• Do provide good customer service.
• Do keep terms and products transparent and easy to understand
• Don't screw over small businesses we are trying to help.
• Don't keep stacking advances on a business until they collapse.
• Don't charge exorbitant rates. (Looking at you 1.40 over 3 months folks)
• Don't abuse the courts or other public institutions.
• Don't get in messy public fights with competitors.
• Don't let greed stand in the way of common sense.