Join the Coalition for Reform of Money Transfer Law to repeal the California MTA

http://blog.rongarret.info/2013/03/join-crmtl-to-repeal-california-mta.html

by lisper • 13 years ago

26 6 13 years ago

blog.rongarret.info

Sorry, but why?

thinkcomp2• 13 years ago

Because entrepreneurs shouldn't have to worry about federal prison just for thinking about starting a payments company (see proposed section 2155 of AB 786).

More reasons:

http://news.ycombinator.com/item?id=5308013

jellicle• 13 years ago

So your plan is basically to take in a bunch of money from the public, and then steal it, and you object to the government trying to make that difficult for you to accomplish?

JOnAgain• 13 years ago

The "what and the why" are missing from both the page linked to, and the first link in the page. I define "missing" as "not easily found while skimming".

tankm0de• 13 years ago

it looks like its basically an anti-competitive law that requires a $500,000 license to be any sort of payment processor in California. The law was pushed through by a lobby group of existing big name financials companies.

some recent developments http://www.aarongreenspan.com/writing/essay.html?id=86

Join the Coalition for Reform of Money Transfer Law to repeal the California MTA

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