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Results: 1-10 of 48

FDIC Proposes More Hurdles for Bank Partners of Marketplace Lenders
  • Pepper Hamilton LLP
  • USA
  • August 8 2016

The FDIC is proposing guidance that will affect marketplace lenders and their banking partners. On July 29, 2016, the FDIC issued FIL-50-2016, which


Supreme Court's Rejection Is Not the End of the Road for Madden v. Midland Funding
  • Pepper Hamilton LLP
  • USA
  • July 7 2016

Regardless of whether or not Midland’s case is successful at the district court, there are a number of reasons why the Second Circuit’s Madden


High-Cost Lending at Risk Under CFPB Proposed Rules
  • Pepper Hamilton LLP
  • USA
  • June 16 2016

The proposed rule raises troubling issues regarding the impact on some traditional bank products as well as some marketplace lending products. The


Supreme Court Decision on Madden Appears Imminent; Midland Files Supplemental Brief
  • Pepper Hamilton LLP
  • USA
  • June 14 2016

The U.S. Supreme Court will likely consider whether to grant or deny certiorari in the Madden v. Midland Funding case at its June 23 conference. In


The Solicitor General Weighs in on Madden v. Midland
  • Pepper Hamilton LLP
  • USA
  • May 25 2016

The Solicitor General’s brief argues the Second Circuit’s holding was incorrect, but does not recommend a grant of certiorari. On May 24, the U.S


All the Moving Parts: What Do They Mean For You?
  • Pepper Hamilton LLP
  • USA
  • April 7 2016

A number of recent developments affecting the marketplace lending industry are raising questions about what the industry will look like in the future


Big News from the Supreme Court in the Madden v. Midland Funding Case
  • Pepper Hamilton LLP
  • USA
  • March 21 2016

While far from certain, this development shows that the Supreme Court is interested in the case and will likely give weight to the Solicitor


Lending club's enhanced relationship with WebBank comes into focus
  • Pepper Hamilton LLP
  • USA
  • March 9 2016

Whether this new approach is accepted by other marketplace lenders who collaborate with banks to originate loans will be something to keep an eye on


Marketplace lenders next on the CFPB chopping block
  • Pepper Hamilton LLP
  • USA
  • March 8 2016

The CFPB's actions are likely the first steps in identifying consumer issues with marketplace lenders. The Consumer Financial Protection Bureau (CFPB


Lending club makes big changes in response to Madden v. Midland
  • Pepper Hamilton LLP
  • USA
  • February 29 2016

The new partnership structure will ensure WebBank is financially invested in the loans it originates, continues to have an ongoing contractual