Most lenders like to request tax return information from a borrower during the loan application process. It is the most...
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 Marketplace Lending Association has added eOriginal as its newest member; eOriginal was founded in 1996 and has been actively involved in the integration of electronic documentation throughout the financial services industry; it currently provides solutions for marketplace lenders and its expertise will significantly support the goals of the Marketplace Lending Association. Source
When LendingClub’s founder and then CEO Renaud Laplanche testified before congress in December 2013 he was asked what the federal...
Small businesses are becoming more anxious by the day with the crisis showing no signs of ending in the near...
The leading industry trade group, the Marketplace Lending Association (MLA), announced today that they have added 11 new members. The...
While small businesses have been able to access credit during the current crisis, this is not the case for many...
A week ago I wrote about the Cleveland Fed report on “p2p lending”. I use that term in quotes because...
A new bill has been introduced in Congress that would mandate the IRS to make their data available via API; the current process for lenders requires borrowers to fill out a form known as IRS 4506-T: Request for Transcript of Tax Return; Lend Academy provides additional information on the bill with thoughts from Congressman McHenry and Nat Hoopes, Executive Director of the Marketplace Lending Association. Source
There is big news on the trade association front today. The Marketplace Lending Association (MLA), the trade organization for fintech...