Ballard Spahr has created a Marketplace Lending Task Force to help direct lending platforms manage the challenges of rapid growth. Recently, there has been additional regulatory interest by the U.S. Treasury.

“Ballard Spahr has always been ahead of the curve on consumer financial services issues – marketplace lending is no exception,” said Scott M. Pearson, a Los Angeles-based partner in the Consumer Financial Services Group and leader of the task force. “The lawyers on this task force have decades of experience counseling consumer and small business finance companies and can develop, refine, and defend financial products in every jurisdiction in the country.”