The Marketplace Lending Association (MLA) has announced that it is backing the “Guidelines for Investing in Responsible Digital Financial Services.” These guidelines are the creation of the International Finance Corporation (IFC) which is part of the World Bank Group. The MLA represents some of the… Read More
The Marketplace Lending Association announced on Wednesday it has welcomed nine new companies to the Association. According to the organization, these new members join as it continues to expand its presence and engage with policymakers in Washington and around the country. The three new lending firms include Social Finance(SoFi), LendingPoint… Read More
Today, the House of Representatives passed HR 3299, “the Protecting Consumer’s Access to Credit Act of 2017.” The Bill was approved mainly along party lines as Republicans supported the measure and Democrats voted against it but 16 Democrats crossed over in support of the legislation. The… Read More
Digital transaction company eOriginal announced on Thursday it has joined the Marketplace Lending Association (MLA), which promotes a transparent, efficient, and customer-friendly financial system by supporting growth of the marketplace lending industry. Speaking about the company joining the association, eOriginal’s President and CEO, Stephen Bisbee, stated:… Read More
The Marketplace Lending Association (MLA) has announced the addition of 11 new members. Joining founding members Lending Club, Prosper and Funding Circle are the following lending platforms: Affirm Upstart CommonBond Avant PeerStreet Marlette Funding Sharestates Able StreetShares New Associate Members include dv01 and LendIt The MLA… Read More
Orchard platform in their weekly report addressed the most recent ABS East conference – a hot Wall Street gathering on all things securitization. This year opening remarks were delivered by Steve Eisman who was made famous by his depiction in the Hollywood film the Big… Read More
The Marketplace Lending Association has hired an Executive Director who has spent the past few years advocating on behalf of very big banks. Nat Hoopes, formerly the Executive Director of the Financial Services Forum, will now be working the halls of Congress on behalf of… Read More
The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week. At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More
As had been rumored for quite some time, marketplace lending leaders Lending Club (NYSE:LC), Prosper and Funding Circle, have announced the creation of an industry association to represent their interests and advocate on behalf of sector growth. Formed as a not for profit membership organization,… Read More
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