Yes, we are governed by all of the major federal laws that apply to entities designed as financial institutions. The federal laws that regulate the collateral loan industry are Patriot Act, Truth in Lending Act, Equal Credit Opportunity Act, as well as Data Privacy and Safeguard of consumer information as part of the Federal Trade Commission (FTC) Rules. California has regulated the collateral loan industry for decades, and most lenders are licensed and regulated by local authorities as well.