[J.Celifarco]

Two articles that highlight the self regulation that is occurring:

http://www.nytimes.com/2016/10/21/bu...e-iphone-share


This article describes a change that could have a dramatic effect in how government decides to approach advances / arch products.
http://www.wsj.com/articles/online-s...ces-1477299602

You actually believe there is a large group of people in the industry that would self impose regulation and think big picture instead of how much money can I make this second this minute???? I wish you were correct but there is no way the majority of the industry would agree to anything unless it was imposed by the government

[Chambo]

You actually believe there is a large group of people in the industry that would self impose regulation and think big picture instead of how much money can I make this second this minute???? I wish you were correct but there is no way the majority of the industry would agree to anything unless it was imposed by the government

you're right John, they will have to be forced too change

[channin19]

You actually believe there is a large group of people in the industry that would self impose regulation and think big picture instead of how much money can I make this second this minute???? I wish you were correct but there is no way the majority of the industry would agree to anything unless it was imposed by the government

Far from it. I'm not as active as I once was on the board but I view most of the characters in this industry in the same light as you. I do think that a move like this was needed but I'm not sure cost was the right place to start. It gives a very definitive ceiling for regulators to start from. When I speak to merchants cost is one part of the discussion What they don't like is dealing with Tony the retired pizza delivery boy hitting them up every five minutes with a 1.45 over 3 months telling them they are a piece of ****.

[J.Celifarco]

Far from it. I'm not as active as I once was on the board but I view most of the characters in this industry in the same light as you. I do think that a move like this was needed but I'm not sure cost was the right place to start. It gives a very definitive ceiling for regulators to start from. When I speak to merchants cost is one part of the discussion What they don't like is dealing with Tony the retired pizza delivery boy hitting them up every five minutes with a 1.45 over 3 months telling them they are a piece of ****.

I agree also that is not the place to start. i personally think Barrier to entry is the biggest problem we have.. If it took a little work and knowledge to enter the industry you wouldn't have half the issues we do.. Right now anyone with 100 bucks to buy some UCC and a phone can call themselves an ISO and thats a problem.