Category: Marketplace Lending ABS

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Wednesday 12 September 2018 16:57 London/ 11.57 New York/ 00.57 (+ 1 day) Tokyo

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US marketplace lending firms should be freed from restraints around “true lender” status that have arisen due to regulatory developments, such as the Madden vs Midland case. This is according to a recent US Treasury report, which also suggests improvements to servicing standards and borrower communication in the federal student loan sector.