[ISO Relations Specialist]

I think you're doing it right, Jake.

I'm certain that Mr. Stern would admire your creativity, ingenuity, and resourcefulness in finding the most useful information available in the most efficient fashion possible. That would of course be an internet forum, devoted to the topic at hand, and heavily trafficked by industry experts and veritable MCA heavyweights...

Good job Jake, keep it up.

Thanks Aaron - It's nice to see someone with business sense join the party.

When some people start making money (for their first time) they quickly assume that they are the Warren Buffets of our time... Well, once regulation kicks in I would bet half the hot shots on this thread who have been "so welcoming" will start to realize the financial district, as they once knew it no longer exists. Heads will be scratched and many will be confused.

Thats when the real opportunities begin.

Hotshots out there - Pennies come and go Penny wise pound foolish. I'm in it for the long haul.

[BoostAaron]

Thanks Aaron - It's nice to see someone with business sense join the party.

When some people start making money (for their first time) they quickly assume that they are the Warren Buffets of our time... Well, once regulation kicks in I would bet half the hot shots on this thread who have been "so welcoming" will start to realize the financial district, as they once knew it no longer exists. Heads will be scratched and many will be confused.

Thats when the real opportunities begin.

Hotshots out there - Pennies come and go Penny wise pound foolish. I'm in it for the long haul.

We'll see what happens with regard to industry regulation. If we're "lucky", we'll get a Trump presidency, and we'll have at least another 4 years to self-regulate. I'm pretty embattled right now, looking at what I feel to be two very, very bad choices for our next Commander-in-Chief, both for very different reasons. But I can at least appreciate what Trump would do for our industry, which is "Leave it the hell alone"...

We are just now in the stage of maturing and sorting the wheat from the chaff. The entities still in the game who are unable to properly self-regulate will surely fall by the wayside as the bigger players in the industry fall into lockstep with regard to best practice in MCA underwriting and funding. Obviously, those of us operating as direct lenders have a distinct advantage here, as the non-syndicating ISO/Broker space is going to be the first to suffer from burdensome industry regulation due to a number of factors, including the inability to capitalize on origination and servicing which drives direct lender's profits.

There are more than a few smart cookies on here, but the true Oracles are few and far between, and can likely be counted on one hand. Folks like Amanda, Chambo, Isaac, Bob, Dan, and a few others. (Sorry if I missed you, but you all know who you are.)

With all that having been said, it's too early to worry about regulation, especially on a Federal level. It will be done first at the state level, as has been done in CA, as they are attempting in IL, NY and a few other states. It will take a long time before we see any meaningful change at a Federal level which impacts us all equally. Just as many funders now cannot/will not fund in CA due to the CFLL, there may be a few more states no one will touch due to the same sorts of unnecessarily restrictive legislation... Only time will tell.

Anyway, you're in the right place for info Jake, so don't be afraid to ask. You may get a derisive, snide comment here or there, but the guys and gals that can truly help you out are far, far too busy to waste time with such juvenile shenanigans. Unless it's really, really funny...

Just my two cents...