Expert Q&A on Marketplace Lending

Reprinted with permission from Practical Law. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the authors’ opinions only.

Marketplace lending is broadly defined to include any practice of pairing borrowers and lenders through the use of an online platform without a traditional bank intermediary. Online marketplace lenders often use technology and data algorithms (as opposed to brick-and-mortar branches) to originate loans to consumers and small businesses.