Lenders, Midland Funding

Midland Has Appealed to the U.S. Supreme Court

Manatt, Phelps & Phillips, LLP on 11/19/2015

Madden v. Midland Funding, an important court case for marketplace lending may now be heard at the Supreme Court. We have been following the Madden v. Midland Funding case as it makes its way through the court system....more

Second Circuit Denies Request for Rehearing in Madden v. Midland Funding Case

Dechert LLP on 8/18/2015

In a case closely watched by the lending industry, on August 12, 2015, the U.S. Second Circuit Court of Appeals denied a request by Midland Funding, LLC (Midland Funding) to rehear a case decided in May (Madden v. Midland...more

Increased Risk for Buyers of Credit Card Loans

Davis Wright Tremaine LLP on 7/16/2015

Third party debt buyers may face increased threat of state-law class action lawsuits after a recent Second Circuit ruling prohibiting such debt buyers from invoking federal preemption defenses under the National Bank Act to...more

Valid at Inception Rule Shot Down by the Second Circuit

Troutman Pepper on 6/25/2015

Marketplace lenders and investors that purchase interests in loans originated by banks should pay close attention as it could spawn a host of class action lawsuits if left standing. In a controversial opinion decided on...more

UDAAP Council Weekly UDAAP Standards Report - 12/10/2014

Foley & Lardner LLP on 12/12/2014

Every week, courts around the United States issue decisions addressing aspects of civil UDAAP claims. In an effort to illuminate the UDAAP standards, below is a sampling of some of this week’s UDAAP decisions on the...more

Lenders › Midland Funding

Midland Has Appealed to the U.S. Supreme Court

Second Circuit Denies Request for Rehearing in Madden v. Midland Funding Case

Increased Risk for Buyers of Credit Card Loans

Valid at Inception Rule Shot Down by the Second Circuit

UDAAP Council Weekly UDAAP Standards Report - 12/10/2014

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