19 State Attorneys General Unite Against “Madden Fix” Bills

Since 1863 when Congress passed the National Bank Act, the issue of federal preemption of state law, particularly in respect of interest rates, has generated conflict with the states.  That issue continues to proliferate over 150 years later.  This week, another shot was fired over the bow. The Attorneys General of 19 states[1] and the … Continue reading 19 State Attorneys General Unite Against “Madden Fix” Bills

Bi-Partisan “Fix” to Madden

The 2015 decision by the Second Circuit Court of Appeals in Madden v. Midland Funding, LLC precipitated uncertainty among financial services providers and the secondary market.  Many legal experts believed the decision cast doubt on and generally ignored the longstanding legal principle of “valid-when-made.”  That is, a loan or contract that was non-usurious when it … Continue reading Bi-Partisan “Fix” to Madden

Unique Public and Private Partnership forms Online Lending Policy Institute

OLPI Announces Formation and Appointment of Executive Director Boston University Professor Cornelius K. Hurley to Serve as Executive Director Washington, DC—February 9, 2017—The Online Lending Policy Institute (OLPI) today announced its formation and the appointment of its first Executive Director, Professor Cornelius K. Hurley. OLPI will provide a one-stop resource for those interested in FinTech … Continue reading Unique Public and Private Partnership forms Online Lending Policy Institute

  LendIt USA 2017 The World’s Biggest Show in Lending & Fintech March 6-7, Jacob Javits Center, New York OLPI will host the Policy and Regulation track. LendIt USA 2017 is the largest annual gathering of the Lending and Fintech industry. The LendIt USA community is comprised of thousands of lending and fintech companies, investors, banks, services providers, … Continue reading