Yesterday, I attended the second annual Online Lending Policy Summit in Washington DC. It was headlined by the Acting head of the...
We have been following the Madden v. Midland Funding case as it makes its way through the court system. Yesterday,...
[Editor’s note: This is a guest post from Brian S. Korn, a Capital Markets Partner at the law firm Manatt, Phelps & Phillips,...
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 Madden saga has been plaguing the marketplace lending industry for years now. We have covered this issue on Lend...
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There were some new developments in the Madden case, something we have been following for many years here on Lend...
The House Financial Services Committee will have hearings next month to address regulations related to loans being sold across states;...
[Editor’s Note: This is a guest post from Scott Stewart, CEO of the Innovative Lending Platform Association. ] Courts are distorting...
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: We recently covered in depth what is going on with marketplace lending and regulation in a podcast with Brian...