Who regulates a factoring company?
This depends upon the jurisdiction.
In most jurisdictions, banking law will not touch factoring companies if they are not in the business of taking deposits from the public or business firms.
Interest rate caps and/or usury laws will apply if such exist in the jurisdiction. Other general corporate rules will apply.
For most financial services, very little licensing is required - up until you TAKE MONEY FROM DEPOSITORS. Once you begin to take deposits or any funds resembling deposits (such as remittances) in some jurisdictions - then banking and licensing laws may apply.
If you decide to do factoring using your own funds, as long as you do not violate usury laws, in most places you are left on your own for the most part.
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