Results 1 to 10 of 10
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02-18-2021, 11:55 AM #1
- Join Date
- Jan 2014
- Posts
- 1,369
Maryland MCA Prohibition Bill -
thoughts on this new Maryland Bill??
https://debanked.com/2021/02/marylan...-to-jail-bill/
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02-18-2021, 12:06 PM #2
- Join Date
- Apr 2015
- Posts
- 300
everyday is one day closer to this being over
no1 can have any good feelings about this bill - its the craziest one yet
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02-18-2021, 12:13 PM #3
- Join Date
- Apr 2018
- Posts
- 178
what do they mean by double dipping?
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02-18-2021, 02:00 PM #4
Nothing in the video or legislature actually defines the term other than a joke made by the speaker about double dipping potato chips.
It's not clear if they're talking about the colloquial term or relating to refinancing a balancing, which would be more industry-specific.
From Investopedia:
In the financial industry, double dipping occurs when a financial professional, such as a broker, places commissioned products into a fee-based account and then makes money from both the commission and the fee.
Presumably this means collecting commission from the funder as markup then adding a broker fee. May also mean the only cost by the funder can be the factor rate and not any additional fees, origination or otherwise.Last edited by NationalCorporateData; 02-18-2021 at 02:10 PM. Reason: Added information
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02-18-2021, 02:06 PM #5
- Join Date
- Aug 2020
- Posts
- 143
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02-18-2021, 04:11 PM #6
Zoom hearing discussion of the bill. They poorly recorded the screen but you can at least listen to it: https://debanked.com/tv/?v=514017994
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02-18-2021, 04:44 PM #7
- Join Date
- Dec 2016
- Posts
- 379
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02-18-2021, 05:14 PM #8
- Join Date
- Apr 2015
- Posts
- 300
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03-19-2021, 03:08 PM #9
- Join Date
- Aug 2020
- Posts
- 143
Let's have a moment of silence for this ill-advised bill...
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03-19-2021, 03:37 PM #10
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,925
Article on DeBanked;
Maryland’s Latest Merchant Cash Advance Prohibition Bill Failed to Advance
https://debanked.com/2021/03/marylan...ed-to-advance/Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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