Did The IFA Sell The Franchising Industry Down the River?
The Federal Trade Commission has now completed its new revision of the Franchise Rule, a set of regulations, which has not been changed since the 1970s if you can believe it? Outrageous to think that the Federal Government could be so inept or non-responding to the needs of the free market or the Franchising Community, which represents nearly 1/3 of every consumer dollar spent in the United States of America.
One of the larger Franchise Organizations for the Industry, which is filled with lawyers, as well as franchisors, consultants and franchisees is the International Franchise Association, which recently put out a Press Release to its members about the new Law and Regulation changes by the Federal Trade Commission. In this press release they alerted media sources and the Industry of the phase in period of these new regulations in franchising, unfortunately the rules and regulations are still too restrictive and burdensome.
Indeed, it appears that after 10-years of input from the Franchising Industry on potential rule changes, not very much has actually changed other than the separation of the Business Opportunities from the Franchise Industry. This is because Business Opportunities have been the cause of so much consumer harm and the franchising industry none if any really.
Still one has to ask and in fact I ask, why didnt the IFA International Franchise Association go to bat for the Industry to curtail some of this over regulation and have it reduced? Is it because there are so many Franchise Lawyers loitering in the Industry trying to charge high-dollar billable hours?
I would like to know why the IFA is in bed with the FTC on this rather than going to bat for the industry for regulation reduction? Please call soon? What on Earth is the Problem with over regulation and industry associations in this Great Nation anyway?
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
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