The MarketPlace Lending Association

Promoting a transparent, efficient and customer-friendly financial system by:

From the House Financial Services Committee

Mr. Meeks Question

“Question: the line between 3rd-party lending relationships”

Mr. Royce Question

“Question – credit score competition act & the benefits of technology”

MLA Board of Directors

Richard Neiman – Lending Club

Conor French – Funding Circle

Julie Hwang – Prosper Marketplace

Frank Borchert – Marlette Funding

Campbell Gibson – Avant

Alison Nicoll – Upstart Network

Manny Alvarez – Affirm

Rob Lavet – Social Finance (SoFi)

Feels like we’re going to see a bifurcation in the market among venture investors. Pure play (small funds, thesis driven, focused on the early stage). And multi-asset class firms (early + growth, credit and public market). Lines between them and Tiger/KKR/Blackstone get blurred.

Our financial regulatory system is not fit for the digital transformation that’s coming — @DavisPolkReg Meg Tahyar @OFRgov @MichiganCFLP #finreg #systemicrisk conference.

The Madden decision is bad. There is evidence it has restricted access to credit and INCREASED the rate of bankruptcy. It can be fixed. #fintech #finreg

Lesson here. As I argued in a Report for my previous engagement, secondary market for loans matched/made on P2P platforms is the next stage of reg. facilitation.

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