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10-10-2013, 03:13 PM #1
Reputation points: 35
- Join Date
- Sep 2012
- Posts
- 72
should we be worried about this?
the green sheet wrote something about the fdic cracking down on processors for working with online lenders. didn't think it was related to our industry until i saw merchant cash advance mentioned at the bottom http://www.greensheet.com/breakingne...news&ad_id=143
i don't know how to find the url of it, but it is the breaking news story right now. "Feds call for greater due diligence" is the name of the headline
looked up more stuff and found something about lenders that are licensed being threatened to lose their ability to ach over federal and state pressures. http://www.onlinelendersalliance.org...ne-Lenders.htm