Madden outcome not the only headwind facing marketplace lenders

By Sasha Padbidri
24 Sep 2015

The outcome of the Madden v. Midland Funding case, which renders it illegal for marketplace lenders in the US to avoid state usury laws, may not bode well for the sector, but looming over the future of the burgeoning market is an even bigger question, writes Sasha Padbidri.

A judge ruled on May 22 that marketplace lenders couldn’t circumvent the usury laws of states in which borrowers reside by technically originating loans outside of those states. That could take a bit out of loan liquidity for the nascent market. But the real test for ...

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