United States: Cadwalader Analysis: Challenges To The Marketplace Lending Model
Last Updated: March 19 2018

Cadwalader attorneys authored a memorandum which discusses the following: Over the last several weeks, two notable cases in federal court challenging certain aspects of the business model of marketplace lending companies headed down separate paths. Both actions are part of a series of challenges to the marketplace lending model in courts across the country, which have reached different results due to the variations of state laws, the unpredictability of courts, and the competing policies of consumer protection and federal preemption. While the resolutions of these actions may not provide much certainty for marketplace lenders given the myriad of regulatory regimes that presently govern the online lending industry, these cases will likely establish guideposts for how courts and tribunals view these issues.

The memorandum was authored by Scott Cammarn, Chris Gavin, Jason Halper, Kyle DeYoung, Jonathan Watkins, Jared Stanisci and James Fee.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
In association with
Press Releases from this Firm
Recent Content from this Firm
By Cadwalader, Wickersham & Taft LLP
By Cadwalader, Wickersham & Taft LLP
By Cadwalader, Wickersham & Taft LLP
By Steven Lofchie
By Cadwalader, Wickersham & Taft LLP
By Cadwalader, Wickersham & Taft LLP
By Cadwalader, Wickersham & Taft LLP
By Joseph Moreno
By Cadwalader, Wickersham & Taft LLP
By Cadwalader, Wickersham & Taft LLP
Tools
Print
Font Size:
Translation
Channels