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01-30-2017, 02:09 PM #11
If you want to work towards revising, eliminating, or preventing regulation such as this, you should join/support one of industry's major trade groups. The only reason that MCA and non-bank business lending isn't banned in Illinois after what happened last year is because these groups worked tirelessly (and spent tirelessly) to prevent it. Your industry peers are spending big bucks and need your help.
There can even be such a thing as smart regulation but that doesn't happen if representatives from the industry don't show up or can't afford to show up.
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