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.
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)
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)
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)
Monday June 1: thousands of automatic debits will cause millions in overdraft fees while deposits from Friday sit in purgatory.
It doesn’t have to be that way.
https://t.co/BufJHQYg2z
New, from @ElleBeyoud: New acting Comptroller Brian Brooks is off to a running start. Here's a final rule on the "valid-when-made" doctrine that was a priority for fintechs. https://t.co/hdIdLEKbC2
.@USOCC finalizes rule to clarify bank powers and reject the Madden decision in the 2nd circuit. It will support: access to affordable credit, financial stability, and ensure a level playing field for community banks to partner and compete in consumer and small business lending.
.@FDICgov is doing important work with other regulators @USOCC @federalreserve @CFPB to get the banking system, and our economy, through #Covid_19. As Chairman McWilliams has articulated, bank-fintech partnerships are critical to getting credit and capital to our communities. https://t.co/c5wzzCfZQ7
