[Chambo]

lol- not saying it's "impossible" to get regulated but this industry is far far from it. The microscope has come up a few times with zero impact. Rapid in 2008 tried to put the industry on the radar and of there have been a few high profile class actions with little collateral damage.

It's not even on the radar right now and I don't see it happening anytime soon. Regulators always focus on b2c stuff. B2B is largely left alone. In my home state of MD there is zero usary on any unsecured b2b loan above $15k. A handwritten contract on a cocktail napkin is binding too.

We are incorporated in VA. I have it in writing from the div of fin regulation that they have zero oversight on our business. There is not one single regulation in place irt cash advances.

If the meltdown didn't cause any regulations then I can't see anything sudden happening. Famous last words....LOL

Cocky attitudes and gross negligence will ALWAYS get the Regulators' attention.