PWCC expands its lending activities

[Aquarian Sports Cards]

at what point do they run afoul of banking regulations. Pawn shops are regulated. Cash advances are one thing loans with interest are another entirely, no?

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

at what point do they run afoul of banking regulations. Pawn shops are regulated. Cash advances are one thing loans with interest are another entirely, no?

Maybe they comply.

[UKCardGuy]

Originally Posted by Aquarian Sports Cards

at what point do they run afoul of banking regulations. Pawn shops are regulated. Cash advances are one thing loans with interest are another entirely, no?

I suspect its Whitehawk Capital Partners that's the regulated financial business. My read of the article is that PWCC has partnered with Whitehawk. Its similar to the way a car dealer might use a financing company to offer car loans. In that scenario the finance company is the one doing the lending. Thebthe dealer benefits because they can sell more cars and they probably get a fee from the financing company for every loan .

G@ry G01db3rg

[Aquarian Sports Cards]

Originally Posted by UKCardGuy

I suspect its Whitehawk Capital Partners that's the regulated financial business. My read of the article is that PWCC has partnered with Whitehawk. Its similar to the way a car dealer might use a financing company to offer car loans. In that scenario the finance company is the one doing the lending. Thebthe dealer benefits because they can sell more cars and they probably get a fee from the financing company for every loan .

G@ry G01db3rg

Possibly I didn't read it closely enough I was thinking whitehawk was an investor in PWCC and was providing capital for them to use.