• 01.09.20

    Manatt Fintech: What to Expect in 2020

    Taking a break after eight brisk years of regulatory and litigious turbulence, the world of fintech and marketplace lending in 2019 was notable for being more business as usual, or what some might call a “ho hum” year of upward growth.

  • 12.11.19

    Student Lending: AGs Question Education Department, CFPB Sued

    In the latest student lending happenings, a group of state attorneys general wrote to the Department of Education seeking confirmation of student loan discharge relief to thousands of borrowers, while a consumer group filed suit against the Consumer Financial Protection Bureau (CFPB) alleging lax ...

  • 12.04.19

    OCC, FDIC Propose Madden Fix Regulations

    In a welcome development for fintechs, lenders and investors, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) separately have proposed regulations to address the substantial uncertainty created by the Second Circuit’s decision in Madden ...

  • 11.26.19

    Bill Would Expand Interest Rate Cap

    A new bill introduced in both houses of Congress would extend the Military Lending Act’s (MLA’s) 36 percent per annum interest rate cap to all consumer borrowers, not just military service members. The change would affect all MLA-covered loans.  

  • 11.13.19

    States Tackle Student Loan Servicing

    Oversight of student loan servicing remains top of mind for state regulators, with new regulations taking effect in New York, California, Colorado and Maine, and with several other states considering similar measures.

  • 04.24.19

    California, New York Increase Student Loan Servicer Oversight

    Student loan servicers should prepare for heightened regulation with the passage of a new law in New York and new regulations in effect in California.

  • 03.27.19

    Madden Litigation Sputters Out With Settlement

    After eight years of litigation—and a major ruling from the U.S. Court of Appeals for the Second Circuit that has spawned uncertainty and a chilling effect for lenders—the parties in Madden v. Midland Funding have reached a deal that would bring the case to a close.

  • 03.13.19

    From Fintech Charters to Sandboxes

    Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits by the Conference of State Bank Supervisors (CSBS) and ...

  • 02.27.19

    State Regulators Move to Streamline Fintech Regulation

    State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies.

  • 01.09.19

    Manatt Fintech’s Top 5 Takeaways of 2018

    In the financial technology industry (fintech), 2018 was a fascinating and fast-paced year.