Results 1 to 25 of 77
Hybrid View
-
01-30-2017, 09:52 AM #1
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
My first thoughts: this would be a boon for licensed "lenders" and brokers. But would this cap the interest rate at 16%? If so, then this would obviously end the NY market for cash advances.
But if cash advances aren't capped, a licensed broker will make a killing. Your competition will become a fraction. Also, you can just sit back and have unlicensed ISOs referring merchants to you all day and split the commission.
-
01-30-2017, 09:55 AM #2
Last edited by Sean Cash; 01-30-2017 at 09:58 AM.
Similar Threads
-
Self Regulation
By channin19 in forum Merchant Cash AdvanceReplies: 43Last Post: 11-30-2016, 08:50 AM -
Regulation in Illinois?
By isaacdstern in forum Merchant Cash AdvanceReplies: 136Last Post: 06-13-2016, 11:14 AM -
Regulation is here
By FUNd in forum Merchant Cash AdvanceReplies: 84Last Post: 01-08-2016, 04:36 PM -
ECOA and Regulation B
By Sean Cash in forum Business LoansReplies: 10Last Post: 01-26-2015, 04:16 PM -
Regulation and IPO's
By fundgorilla in forum Merchant Cash AdvanceReplies: 2Last Post: 12-18-2014, 02:48 PM