The MarketPlace Lending Association

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

BankThink Smaller institutions should embrace, not oppose, fintechs – Read More

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

Laura Bond – 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)

6+ years later, a good idea is now law. Modernize IVES!

@MLADirector Here is the May 2019 version without a paywall, but seemingly with similar conclusions. cc: @BrianRKnight

Academic research suggests fintech algorithms may be 40% less discriminatory than face to face lending. Cash flow data, machine learning, etc. can increase access to credit and get borrowers the best possible product that they can qualify for.

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