Colorado passed a law this week that could have a dramatic effect on the ability of fintech lenders to do business in the state.
For more than a week, thousands of crypto devs and eth fanatics poured into Denver for the latest ETHDenver conference.
The issue of “true lender” has been one that has dogged the marketplace lending industry virtually since its inception. When...
Cross River Bank has issued a media alert detailing involvement in a true lender court case with the state of Colorado; the bank has filed a declaratory judgment action against the state of Colorado to protect its rights to extend credit and freely sell loans nationwide; the declaratory judgment action follows a previous court filing in January 2017 by the Colorado Attorney General suing Marlette Funding for issues with its lending process which involves loans made by Cross River Bank and sold to Marlette. Source
The rallying cry of the online lending industry has been to eliminate high cost credit card debt. And while tens...