General Counsel Roundtable: Regulatory Risk and the Continuing Evolution of Marketplace Lending
Scott M. Pearson
Partner, Ballard Spahr LLP
General Counsel and Chief Compliance Officer, Prosper
General Counsel, Ranger Capital Group
Chief Legal Officer, CAN Capital, Inc.
Vice President & Assistant General Counsel, Goldman Sachs
This session features General Counsel from major players covering the full spectrum of marketplace lending firms: true marketplace and balance-sheet lenders, consumer and small business lenders, hedge fund investors, and a major investment bank entering the market. They will address how marketplace lenders are adapting to the developing regulatory environment, including by modifying origination structures and product characteristics, and how these changes affect risk profiles for banks and investors. They also will discuss how changes in market conditions are affecting the industry, and what risks and opportunities they create for banks and investors. Topics will include changes to address the Madden v. Midland Funding and "true lender" issues, marketing partnerships with banks, new sources of capital, possible industry consolidation, and other critical issues.