FTC to Host Fintech Forum on Marketplace Lending

FTC Online Lending Fintech

On April 14, the FTC announced the first of a series of events intended to examine consumer protection across several areas of emerging financial technology. Scheduled to take place in Washington, D.C. on June 9, the first forum will focus on marketplace lending, bringing together industry participants, consumer groups, researchers, and government representatives to examine (i) the different models used by companies in the industry; (ii) potential consumer benefits; (iii) potential consumer protection concerns; and (iv) how existing consumer protection laws may apply to companies in the industry.