Cash Advance Is Coming Of Age

**isaacdstern** · 11-06-2013, 07:15 AM

Cash Advance Is Coming Of Age

http://www.isoandagent.com/news/Cash...3015947-1.html

**isaacdstern** · 11-06-2013, 07:15 AM

David and Andy both have nice quotes in this article

**JCC** · 11-06-2013, 10:43 AM

Great article and probably also for the history books. Thanks, guys.

So the MCA industry is about $3B?

As a side note, NPR published an article claiming that payday loan industry is $49B. Some of the aggresive lead generation practices are exposed.

http://www.npr.org/blogs/money/2013/...medium=twitter

**AndyYSCISOdept** · 11-06-2013, 11:20 AM

I agree that was a great article. I love the "cowboys" line from Andy at SFS. I have had experiences like that. When I told my parents what I was doing 5.5 years ago they asked me if it was "legal" and if I was jst a "legal loan shark"....And now, my father is a syndicator in a ton of deals. Just shows how the times have changed.

**AndyYSCISOdept** · 11-06-2013, 11:23 AM

"Cowboys" that is classic. Big applause for Andy (not me)!

**isaacdstern** · 11-06-2013, 12:28 PM

The business has completely changed since I got into it...its barely recognizable!!

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