Last week the LSTA joined The Clearing House and the American Bankers Association to file amicus briefs in two related cases that have been initiated by the State of Colorado against two marketplace lenders, Avant and Marlette, each of whom have bank partners. These cases raise the same important principle, whether a loan that was valid when made is valid in the hands of a buyer.
The LSTA joined The Clearing House and the American Bankers Association to file amicus brief in a case initiated by the State of Colorado against marketplace lender Marlette
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.