Credit card insider wants tougher rules for his own industry

Ari Page has led Fund&Grow for nearly two decades, and says the company has helped tens of thousands of business owners access more than $2 billion in credit card financing with no FTC action or CFPB complaint against it. Now a regular voice in business media, he says a handful of bad actors have given the credit card funding industry a bad name — and he wants tougher rules to fix it.

Ari Page has led Fund&Grow, a business credit consulting company, for close to two decades. He says his company has helped tens of thousands of business owners access more than two billion dollars in credit, all without a single FTC enforcement action or CFPB complaint against it. Page has become a familiar voice in business media, writing for outlets like Tampa Bay Business & Wealth and appearing on major TV networks like Fox 13 with Blake DeVine, Daily Flash, and others, as well as prominent podcasts like Entrepreneur on Fire. He also recently spoke out against a Trump administration proposal to cap credit card interest rates, warning it could backfire on the very consumers it's meant to help. He says he's watched his industry get a bad reputation because of a small number of companies acting in bad faith. He wants that to change.

Originally Written by: Melissa Vera

Business owners often need quick access to cash, and many turn to a practice called credit card stacking when faced with this need.

They can either do it themselves or hire a company that helps them apply for several business credit cards at once, often unlocking up to $250,000 in combined credit.

It’s legal, and it’s common. But over the past few years, the Federal Trade Commission has gone after several companies in this space for lying to customers and breaking the law.

Now one of the industry’s most well-known figures wants to see even tougher penalties for the bad actors, even though he runs a company in this industry.

Meet the man behind the push…

Ari Page has led Fund&Grow, a business credit consulting company, for close to two decades. He says his company has helped tens of thousands of business owners access more than two billion dollars in credit, all without a single FTC enforcement action or CFPB complaint against it. Related video: The worst mistakes people make with credit cards (Seth Godwin)

Page has become a familiar voice in business media, writing for outlets like Tampa Bay Business & Wealth and appearing on major TV networks like Fox 13 with Blake DeVine, Daily Flash, and others, as well as prominent podcasts like Entrepreneur on Fire. He also recently spoke out against a Trump administration proposal to cap credit card interest rates, warning it could backfire on the very consumers it’s meant to help.

He says he’s watched his industry get a bad reputation because of a small number of companies acting in bad faith. He wants that to change.

See Original Article: https://www.msn.com/en-us/money/companies/credit-card-insider-wants-tougher-rules-for-his-own-industry/ar-AA28oayM