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Johny Fernandez: There's some
news out there regarding a

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company called LendEDU and some
legal issues involving the FTC.

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Sean, can you go ahead and break
that down for us?

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Sean Murray: Sure. Yeah. So LendEDU
is essentially a loan comparison

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website where they were ranking
student lenders from like, 1 to

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10. The problem is that
consumers were allegedly made to

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believe that the rankings were
based on an objective review of

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the lenders, when in fact, the
lenders are paying them for a

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certain spot on the list. So if
you couple that with the

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allegation that the testimonials
on the website itself were fake,

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that's what got LendEDU into
trouble with the Federal Trade

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Commission.

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Johny Fernandez: So what's the
takeaway here?

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Sean Murray: The takeaway, that
LendEDU's business model is not

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really one of a kind. I think
there's probably other websites

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out there that employ similar
tactics, where they're ranking

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lenders to potential borrowers
for other kinds of loans or

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products. And, you know, the
borrowers they don't really know

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that the rankings are pretty
much like completely

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disingenuous. So the takeaway is
that what happened with LendEDU,

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it should be a wake up call to
anyone that ranks loans or

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lenders online.

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Johny Fernandez: So some big
news here, the acquisition of

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the DailyFunder, Sean go ahead
and talk to me a little bit more

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about that.

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Sean Murray: Sure. So, you know,
a lot of the terms of it are,

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they're confidential, but I can
tell you that it's an online

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forum, that I had been a partner
in since the website launched in

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2012. And we recently had the
opportunity to acquire the

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entire thing. And you know, we
did, it's a message board for

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financial professionals with
more than 100,000 posts on it,

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and it's going to fit really,
really well into our ecosystem.

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Johny Fernandez: That's awesome.
And with the change, are you

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going to be changing the name of
it or absorbing it into debate?

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Sean Murray: Yeah, we're not
going to change the name, we're

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not going to absorb it. The
DailyFunder has had its own

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unique following. It serves a
purpose that deBanked has never

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really touched on. And I don't
think there's any reason to,

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like, you know, like, disrupt it
or mess it up. So the

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DailyFunder will remain an
independent website and keep its

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name.

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Johny Fernandez: Sean, with the
caucuses wrapping up. What do

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you think about what's going on
with the Democratic primaries?

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Sean Murray: Well, it's pretty
wild out there. I mean, I think

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Bernie Sanders has gotten off to
a pretty strong start. It'll be

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interesting to see how he
continues to perform but you

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know, I'm not a presidential
polling expert, but if people

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are interested in that sort of
thing, we actually have Scott

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Rasmussen have the rest of us
and report. He is an expert, and

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he'll be speaking at Broker Fair
on May 18th in New York City, so

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if you're interested in coming,
just go to brokerfair.org.

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Johny Fernandez: sounds
exciting. Sean, thank you so

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much.

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Sean Murray: Thank you.