July 21, 2015
 

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Financial Industry Alert

 
 
  ALERT  
Treasury Request for Public Input on Expanding Access to Credit through Online Marketplace Lending
 

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  Howard Altarescu
Partner          
haltarescu@orrick.com

Bill Haft
Partner          
whaft@orrick.com

Antony Kim
Partner          
akim@orrick.com

Alan Knoll
Partner
alanknoll@orrick.com

Jeremy Kudon
Partner          
jkudon@orrick.com

Robert Loeb
Partner          
rloeb@orrick.com

Jonathan Lopez
Partner
jonathan.lopez@orrick.com

Rob McKenna
Partner
rmckenna@orrick.com

Robert Moyle
Partner
rmoyle@orrick.com

David Ridenour
Senior Associate       
dridenour@orrick.com

 

"Online marketplace lending refers to the segment of the financial services industry that uses investment capital and data-driven online platforms to lend to small businesses and consumers."[1]

On July 20, the Department of the Treasury published a Notice and Request for Information ("RFI") seeking comment on various aspects of online marketplace lending, including –

  • the business models and products offered to small businesses and consumers
  • the potential to expand access to credit to underserved market segments
  • how the financial regulatory framework should evolve to support the growth of the industry

Treasury asks for comment on 14 categories of questions, some of which include multiple specific questions, which we summarize and, with respect to some, offer initial thoughts on below.

To view the full article, please click here.



[1] 80 Fed. Reg. 42866 (July 20, 2015)