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03-20-2014, 10:02 AM #11
- Join Date
- Dec 2013
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- 4,713
Successfully stopping stacking would be like the American Landlord Association coming together banging fists on the desks of the fed regulatory board (as someone suggested) claiming that the MCA industry has to stop because when the merchants/tenants takes 1.30-1.48-capital they become a liability to be reliable paying tenants. both have same shot at success....BTW keep in mind the Payday Loan industry destroys families like the crack/cocaine epidemic (dads check never makes it to the grocery for milk for the 2-4 year olds at home) yet ""LISTEN UP"" Thirty-Two States Authorize High-Cost Payday Lending
Thirty-two states enacted safe harbor legislation for payday lenders and permit loans based on checks written on consumers' bank accounts at triple digit interest rates, or with no rate cap at all. 100's of millions have been spent of stopping the day day loans and that's consumer based and NADA has taken place with a liberal president at the helm... stacking (Ihate the term lets call it additional borrowing!!)...
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