Tagged: nat hoopes

March 18, 2020 @ 1:01 pm By JD Alois  |  

Towards the end of 2019, the Securities and Exchange Commission (SEC) proposed an update to the definition of an accredited investor. The rule change is part of a broader “concept release” that the SEC has issued to review the exempt offering ecosystem and how this… Read More

November 13, 2019 @ 11:05 am By JD Alois  |  

The Independent Community Bankers of America (ICBA) has issued a statement of “strong support” regarding pending legislation targeting Industrial Loan Charters (ILC). An ILC is a regulated financial services charter that may be held by non-financial institutions. ILCs may hold FDIC insured deposits – a… Read More

October 8, 2019 @ 10:14 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) officially closed comments on its concept release regarding regulatory harmonization of securities offerings exemptions on September 24, 2019. But as in past cases, comments have continued to trickle in and we would not be surprised if more follow. That… Read More

February 11, 2019 @ 7:30 pm By JD Alois  |  

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

May 17, 2018 @ 1:00 pm By Samantha Hurst  |  

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

February 14, 2018 @ 8:24 pm By JD Alois  |  

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

April 5, 2017 @ 10:49 pm By Nat Hoopes  |  

  The technology transforming the financial sector is creating a historic opportunity to make financial services better and more accessible for all Americans. With this technology, consumers are finding new opportunities to borrow more affordably, save, invest, and transmit money.  While Americans prize the innovations… Read More

January 12, 2017 @ 3:11 pm By JD Alois  |  

The Marketplace Lending Association has called on Congress, and the incoming Trump Administration, to become a catalyst for Fintech innovation and not an obstacle. In a letter addressed to House and Senate leaders, Nathaniel Hoopes, Executive Director of the MLA, asked Congress to move  away… Read More

January 12, 2017 @ 1:11 pm By JD Alois  |  

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

September 26, 2016 @ 3:51 pm By JD Alois  |  

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

August 26, 2016 @ 10:12 am By JD Alois  |  

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