Unsecured consumer loans, both personal loans and student loans, make up a majority of the marketplace lending volume. These loans present unique sourcing, origination, servicing and collection issues, with which our lawyers have extensive experience. We regularly advise originating banks, marketplace platforms and investment funds and other whole loan investors in forward flow purchase facilities involving unsecured consumer loans. Additionally, our lawyers advise borrowers and issuers, including direct lenders, marketplace lending platforms and investment funds acting as loan aggregators, as well as underwriters and bank lenders with term, warehouse, personal loan and student loan securitizations. Our Banking and Financial Services
team provides essential regulatory support for these transactions, advising on the various federal and state regulations applicable to consumer lending in the unsecured consumer loan space.