Brian: So those are variety of the key issues in those deals.
Peter: Okay, okay, therefore question that is final. WeвЂ™ve had lots of interest throughout the last 6 to year through the government, weвЂ™ve had the Treasury white paper that came away four weeks ago, we had been both at the FTC yesterday where these were speaing frankly about market financing and also the OCC, the FDIC, there’s been an array of federal government agencies it is like evaluating this industry. I’d like you to simply gaze to your crystal ball and let me know how can you we be operating under, what will have changed thinkвЂ¦if we come back together in two years time, what sort of regulatory framework will?
Brian: Well, very first IвЂ™m planning to ask you whoвЂ™s going to win the elections?
Peter: laughsвЂ¦right, We have no concept on this one, that is area of the equation Brian: It shouldnвЂ™t make a difference although the individuals that are taking a look at market financing during the FDIC, in the FTC, during the Treasury Department, most of them are management appointees also it stands to explanation I think thereвЂ™s been a lot of interest in agencies in getting up to speed on how these platforms work although itвЂ™s not necessarily going to follow that a Trump presidency would be more business friendly than say a Hilary Clinton/Elizabeth Warren type ticket which weвЂ™re hearing about, but to be fair to this and obviously these agencies worked through all sorts of administrations. I do believe there clearly was an earnest work by them to know whatвЂ™s happening and take a thoughtful consider the industry. I actually do think that the difference was made correctly between market lending and payday financing, that they’re different and so they have to be treated differently.
For industry loan providers, itвЂ™s actually planning to come right down to collaboration and cooperation.Read More »What kind of regulatory framework shall we be operating under, just what will have changed?