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

MLA’s Detailed Action Plan for a New Era of Diversity and Inclusion in Fintech and Lending

MLA’s Detailed Action Plan for a New Era of Diversity and Inclusion in Fintech and Lending (PDF)

MLA’s fintech lenders share the vision of a more fair and equitable nation, and we have already seen that by working together with civil rights organizations like the National Urban League Entrepreneurship Centers, MLA can help change public policy for the better, delivering robust Truth in Lending Act style loan term disclosures to New York states’ small businesses for the first time. This partnership began with a connection in the office of Chairman Gregory Meeks (D-NY), where a number of MLA’s CEOs sat down with the National Urban League President and CEO Marc Morial, who, along with Rep. Meeks, provided the MLA with a vision of an inclusive fintech industry that can help strengthen communities and create more opportunity for all.

MLA Presentation on TALF July 2020

MLA’s Presentation, Making TALF Equitable & More Effective – (PDF)

Modifying TALF eligibility for marketplace lending will assist those who need it most, and assist those who represent over 70% of GDP: The American Consumer

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

Nat Hoopes – Upstart Network

Ulrico Izaguirre – Affirm

Rob Lavet – Social Finance (SoFi)

This is an important development - providing clarity on the valid when made doctrine, protecting secondary market liquidity and therefore lower prices for consumers.

Fintech firms are giving banking the jolt of innovation it needs, but they’ll be more stable, fair and efficient if they’re nationally chartered, write @BrianBrooksOCC and @cwcalomiris https://t.co/SN8oA6bjky

Congrats Nat (@MLADirector)! First, for the big wins in the last couple of years, and second for the great new role.

Disclosure: I am good friends with Nat, think he's incredibly sharp, and have dunked on him a few times (literally, never figuratively). So, yes, I'm biased. https://t.co/tR81fDO4lS

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MLA Named Red Hot Association

MLA named RED HOT by dca-live.com