Marketplace lending group grows
Broadens to more types of online lenders
- |
- Written by Website Staff
The trade group established last year to represent online lenders continues to grow its membership.
The Marketplace Lending Association was started in 2016 by Funding Circle, Lending Club, and Prosper Marketplace. Earlier this month MLA announced that 11 new members had joined. New members include Affirm, Upstart, CommonBond, Avant, PeerStreet, Marlette Funding, Sharestates, Able, and StreetShares. New associate members include dv01 and LendIt.
“This expansion represents a new chapter for the MLA,” the organization said in a statement, “as it extends the group beyond consumer and small business lending to include platforms focused on student loan refinancing and real estate, as well as greater diversity of funding models, including lending platforms that hold loans on balance sheet.”
MLA’s goals include publication of marketplace lending best practices.
Related items
- “Stablecoin Strategy” Is a 2026 Question for Banks, Not a 2027 One
- Banks Need to Reconsider their Role in an AI-Driven Future
- Tokenization Could Reshape Financial Markets, Says IMF
- UBS Expands US Banking Push for Affluent Wealth Clients
- Deutsche Bank Supports $50m Climate Fund for Southeast Asian Agriculture
