20.07.2015 17:51:00

Moody's: Federal appeals court ruling on Madden v. Midland is credit negative for marketplace lending ABS

New York, July 20, 2015 -- A recent federal appeals court decision could have negative implications for securities backed by bank-originated marketplace lending loans, Moody's Investors Service says in a new report. If interpreted broadly, interest rates on some loans backing marketplace lending ABS transactions could be reduced, or the loans themselves be void, according to "Appeals Court Ruling Adds to Legal Uncertainty for ABS Backed by Bank-Originated Marketplace Lending Loans."

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