I realise the competition is massive, etc. but I'm going to try a 'small fish in a big pond' experiment. Similar to this question but more specific.

From what I understand, if I generate leads from my payday loans site, I'd need to register under the Data Protection act and also get some kind of credit license.

Quite a few of the payday affiliate programs offer iframes. If I use one of these, I assume all the data goes direct to the merchant? Does this mean if I set up a payday loan site using an iframe, I won't need the aforementioned licenses?

Thanks for humouring me!