Final Monday, we went to the web Lending Policy Summit in Washington, D.C. A trade association with the admirable goal of bringing transparency to regulatory decisions affecting the online lending sector as the name implies, it’s an event for policy wonks that’s hosted by the Online Lending Policy Institute.

A year ago, their occasion had been called the “MPL Policy Summit.” I did son’t go to, but from the things I comprehend, it absolutely was exactly the same occasion, simply having a various title.

We found its way to D.C. after having a 6 hour drive, simply with time to know a keynote from Keith Noreika, acting Comptroller associated with Currency. This will make Keith the very best administrator for the banking system that is federal. (BTW… I’m able to phone him “Keith” or I’m able to phone him “Noreika,”… it doesn’t matter, it is the guy that is same and also you know whom i am speaking about.)

Keith is just a razor-sharp guy and we liked exactly exactly exactly what he’d to express. But within a short while into their remarks, he utilized the expressions “online lending,” “marketplace lending,” and “P2P lending” to describe the exact same thing that is exact.Read More