In the News

California Looks to Curb High-Interest Installment Loans

Legislation that caps interest rates on installment loans between $2,500 and $10,000 at 36 percent plus the federal funds rate sailed through the California Assembly in May and a hearing is set in the Senate on June 26.

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Marketplace Lending Association Backs World Bank Group Guidelines for Responsible Digital Services

The Marketplace Lending Association (MLA) has announced that it is backing the “Guidelines for Investing in Responsible Digital Financial Services.” These guidelines are the creation of the International Finance Corporation (IFC) which is part of the World Bank Group.

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Federal Government Shutdown Response

This is a critical time for our nation. The Marketplace Lending Association (MLA) and its members urge elected leaders to work to find common ground, put federal employees and contractors back on the job, and move our nation forward.

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S&P 2018 US Digital Lending Market Report

Digital lenders amplified their growth in 2017, with origination volumes at prominent companies growing 30.1% to $41.1 billion year over year, according to S&P Global Market Intelligence estimates.

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MLA Featured in the American Banker

Most of the country has never heard of Madden v. Midland Funding and the common law doctrine of “valid-when-made,” but the impact of the misguided decision by the 2 U.S. Circuit Court of Appeals on consumers is far-reaching

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MLA Featured in the New York Times

WASHINGTON — Online lenders are drawing from a familiar playbook in Washington as scrutiny of the business heats up.

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MLA Featured in Bloomberg News

Online lending companies are seeking to exert more influence in Washington under President-elect Donald Trump and a Republican-controlled Congress.

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MLA Featured in The Hill

As policymakers, lawmakers and industry representatives gather in Washington this week for the first ever Marketplace Lending Summit, the future of online lending and its regulatory framework will undoubtedly be a topic of much debate.

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MLA scores policy progress in Treasury report, OCC Charter
MLA calling for report retraction

The Marketplace Lending Association is calling upon the Federal Reserve Bank of Cleveland to temporarily retract and revise its report on online lending due to what we see as serious flaws in the authors’ reliance on certain underlying data.

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MLA Launch

Nat Hoopes, executive director of the trade group comprising the biggest Wall Street banks’ chief executive officers, is making the jump to fintech.

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MLA Featured in Crowdfund Insider

The technology transforming the financial sector is creating a historic opportunity to make financial services better and more accessible for all Americans. With this technology, consumers are finding new opportunities to borrow more affordably, save, invest, and transmit money.

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MLA Named Red Hot Association

MLA named RED HOT by