All these talk of banks, bank liscenses, etc..... these aren't banks anyways. They're credit institutions. In the state I live in, you do not have to have a liscense to opperate a credit instituion and issue loans based on an agreed amount of interest or fee, so when people say "Just like IRL, you have to have a liscense....." no.. you don't. I guess it depends on where you're from, because I know some states wont approve these institutions due to their outrageous interest rates, and the fact that they are not liscensed. The US isn't consistent... why should a video game be.
I understand
MA's reasoning on the "policy" change for protecting investors... but their lack of tact has left so many people frustrated, that I think their PR has threatened their investers more than the freelance loan services EVER could have. It'll be interesting to see how it all plays out.