True Lender & Madden Case: Impact on Industry - 2 Years In

Panelists include: Brian Korn, Manatt, Phelps & Phillips; Scott Cammarn, Cadwalader; Anthony Nolan, K&L Gates; Marc Franson, Chapman & Cutler; John Kromer, BuckleySandler; Moderator: Adam Goller, Cross River Bank.

The Madden versus Midland case has now been going on for over two years; the panelists all represent law firms that have expertise on the case; panel explains the case which involves a borrower defaulting on a loan which was subsequently sold to Midland Funding; an important factor to this case is how it affects marketplace lenders, specifically those with bank partnership models where the loan is originated by a bank partner; other aspects of the case are also discussed including how companies are “Madden proofing” their business.