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)
Would be great if fintech lenders can get onboarded quickly by @SBAgov to help ease the bottleneck https://t.co/UyzzZrmqqz
.@federalreserve can help support access to online credit for Americans by accepting investment grade consumer collateral in TALF. Fed already accepts it in the Secondary Market Corporate Credit Facility. Funds roughly 1/3 of the market. MPL asset class has outperformed ratings.
Thank you to all of the #EssentialWorkers out there who show up to #work everyday so that our #communities remain #strong, and we can continue to take care of our #families. #ThankYou #CommunityPartners
Me, trying to explain the financial relationship between the Fed and Treasury: “Also, money is made up.”
