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Bimal Patel, Jason Yan Examine Marketplace Lending in Banking Law JournalJune 01, 2016
O’Melveny partner Bimal Patel and associate Jason Yan authored an article for the June 2016 issue of the Banking Law Journal, along with former FDIC board member Jeremiah Norton. The article identifies factors that have given rise to the growth in marketplace lending volume, describes the competitive dynamics between banks and marketplace lenders, and assesses the regulatory environment for marketplace lenders and how that environment may impact marketplace lending valuations. The article also offers guidance for banks and marketplace lenders going forward, and identifies questions that could determine the future of marketplace lending.
Patel is the head of the Financial Advisory and Regulation Practice in O’Melveny’s Washington, DC, office, and specializes in matters related to financial services, public policy, and political strategy. Jason Yan is an associate in O’Melveny’s Washington, DC office and a member of the Litigation Department.