[MCNetwork]

CAN's shift in their renewal eligibility policy from 50% to 75% paid down laid bare the fact that a very large chunk of their portfolio was only still in business because they kept renewing them. Renewals/double dipping/payoffs are arguably a greater threat to this lending market than stacking.

So true. If funders were to pull the plug on renewals, most of their clients would go out of business. The cash advance ecosystem is the only thing keeping bad businesses afloat.