[Editor’s Note: We recently covered in depth what is going on with marketplace lending and regulation in a podcast with Brian...
We have been covering the Madden issue for several years here on Lend Academy (the full list of coverage is...
The Madden v. Midland case has been a closely followed case for over two years by the marketplace lending industry; bills are now being introduced to hopefully fix the ambiguity around the case; Lend Academy shares the history of the case and perspectives from Adam Levitin, professor of law at Georgetown University, Nat Hoopes, executive director of the Marketplace Lending Association, and Brian Korn, partner at the law firm Manatt, Phelps & Phillips. Source
The issue of “true lender” has been one that has dogged the marketplace lending industry virtually since its inception. When...
Nathaniel Hoopes, head of the Marketplace Lending Association shares how the Madden v. Midland decision is having an adverse impact on borrowers in an American Banker opinion article. Source
The Madden saga has been plaguing the marketplace lending industry for years now. We have covered this issue on Lend...
Brian Brooks became the Acting Comptroller of the Currency last Friday and he hit the ground running; he issued a...
The US District Court for the Southern District of New York issued a decision in Madden v. Midland Funding, LLC; in determining whether New York or Delaware law governed the contractual relationship of the parties, the judge ruled that applying Delaware law would violate usury policies in New York which limit interest to 25% per year. Source
Yesterday, I attended the second annual Online Lending Policy Summit in Washington DC. It was headlined by the Acting head of the...
Perhaps it’s true that money can’t guarantee a lifetime of happiness, but one thing that is fairly certain, personal bankruptcy...