"As interest in marketplace lending continues to grow and different lending models emerge, there is a need for more education and awareness around the unique advantages of this industry to ensure its responsible growth," said Hoopes. "This is an exciting moment for marketplace lending, and I'm thrilled to have an opportunity to build and grow an organization that can be a key resource in Washington."
Hoopes will be responsible for overseeing the strategic direction and day-to-day operations of the association, as well as communicating with the public and policy makers to educate them about marketplace lending. In the coming months, he will work with the Board of Directors to finalize the association's governance framework, establish a D.C. office and expand the membership base to include other U.S. lending platforms that are committed to responsible innovation.
More information about the MLA and membership is available at: www.marketplacelendingassociation.org.
About the Marketplace Lending Association
The Marketplace Lending Association was founded in April 2016 by Funding Circle, Lending Club and Prosper to promote a transparent, efficient, and customer-friendly financial system by supporting the responsible growth of marketplace lending, fostering innovation in financial technology, and encouraging sound public policy.
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SOURCE Marketplace Lending Association