We have been covering the Madden issue for several years here on Lend Academy (the full list of coverage is...
The Madden saga has been plaguing the marketplace lending industry for years now. We have covered this issue on Lend...
A proposed settlement in the Madden vs Midland case has been filed that would provide $9.8 million in cash and debt...
We have covered the Madden vs. Midland Funding case in depth over the last year. It is centered around exporting interest...
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
[Editor’s note: This is a guest post from Brian S. Korn, a Capital Markets Partner at the law firm Manatt, Phelps & Phillips,...
[Editor’s note: This is a guest post from Brian S. Korn, a Capital Markets Partner at the law firm Manatt, Phelps...
We have been following the Madden v. Midland Funding case as it makes its way through the court system. Yesterday,...
I started writing about marketplace lending back in 2010, so I have spent almost the entire decade immersed in this...
The House Financial Services Committee will have hearings next month to address regulations related to loans being sold across states;...