The MarketPlace Lending Association

Promoting a transparent, efficient and customer-friendly financial system by:
The MLA represents the marketplace lending industry. Our goal is to promote a transparent, efficient, and customer-friendly financial system by supporting the responsible growth of marketplace lending, fostering innovation in financial technology, and encouraging sound public policy.

Latest News on Coronavirus Affecting MLA Membership

Federal Reserve Board of Governors on Term Asset Lending Facility (TALF), (Consumer Loans)(PDF)

Joint Letter to U.S. Treasury Secretary Mnuchin from MLA & Small Business Majority on Main Street Lending Programs(PDF)

Letter to the Marketplace Lending Association and other organizations from Chairwoman Waters and other Members of the Financial Services Committee on the Coronavirus(PDF)

MLA’s Board Members Response to Chairwoman Water’s Letter – (PDF)

What Some of Our Members Are Doing to Assist Their Customers During COVID-19

Recent Press/Media

BankThink Fed’s new TALF has a major gap
The Federal Reserve’s recent decision to revive the Term Asset-Backed Securities Loan Facility was a good and necessary one.

Resolving Madden: OCC and FDIC Proposed Regulations Should Be Entitled to Judicial Deference in All Courts If the Agencies Clarify How the Proposed Regulations Interpret Ambiguous Statutory Language – (PDF)

MLA Letter on Updating Data Sharing Principles – (PDF)

MLA Board of Directors

Richard Neiman – Lending Club

Ryan Metcalf – Funding Circle

Julie Hwang – Prosper Marketplace

Frank Borchert – Marlette Funding

Campbell Gibson – Avant

Alison Nicoll – Upstart Network

Ulrico Izaguirre – Affirm

Rob Lavet – Social Finance (SoFi)

OCC Seeking to Remove Structural Barriers to Financial Inclusion via @cointelegraph @USOCC @BrianBrooksOCC #ProjectREACh

New Acting Banking Comptroller @BrianBrooksOCC Plans Rapid Pace on #Fintech Agenda @USOCC

Less than 50% of all non-white people who received Covid stimulus payments got it through direct deposit according to @philadelphiafed survey.

Good news for check cashers, payday lenders, and banks racking up overdrafts...

The DoddFrank Act framework is here to stay. Not perfect but resilient. Our financial system is safer and fairer. But not safe enough or fair enough. @Michael_S_Barr closes #DoddFrank10 event with wisdom.

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MLA Named Red Hot Association

MLA named RED HOT by