February 25, 2016 – FinTech and Blockchain Law Watch

Certain Compliance Risks in Marketplace/Peer-to-Peer/Online Lending

Feb 25 2016

By Tony Nolan, Joseph Valenti, and Christopher Bell

The online marketplace lending industry has experienced substantial growth in the past few years. Its share of the global lending market is predicted to continue its increase. In the United States, regulators are starting to take notice.

The first major sign of interest came from the U.S. Treasury. On July 16, 2015, it issued a Request For Information to better understand the impact of online marketplace lending on small businesses, consumers, and the broader economy.

K&L Gates to Sponsor ABS Vegas 2016 Conference

Feb 25 2016

By Tony Nolan

Once again K&L Gates will be sponsoring the IMN ABS Vegas 2016 conference, which will take place at the Aria Resort & Casino in Las Vegas Nevada from February 28 through March 2, 2016.

This is the first year that online lending will be an important focus of attention at ABS Vegas, in testament to the growth of an important new asset class. This will permit K&L Gates to highlight our practice in the converging areas of Fintech, Marketplace Lending, Securitization and Structured Finance and Consumer Financial Services Regulation

Visit our exhibition booth and get cool stuff!

ASX looking to replace CHESS with blockchain

Feb 25 2016

By Jim Bulling and Michelle Chasser

The Australian stock exchange ASX has announced that it has partnered with a US-based firm to develop distributed ledger technology, more commonly referred to as blockchain. The ASX is planning to develop the ledger technology for post-trade services such as clearing and settlement of the cash equities market. Unlike the bitcoin blockchain which operates as a public ledger, the ASX will use a private network which will only allow parties with permission from the ASX to participate.

Australian Government launches FinTech Advisory Committee

Feb 25 2016

By Jim Bulling and Michelle Chasser

The Australian Federal Government is getting behind the Australian FinTech market with the establishment of a FinTech Advisory Committee to help make Australia a FinTech leader in the Asia Pacific region.

K&L Gates Partners to Speak on Marketplace Lending at ABA Spring Conference in Montreal

Feb 25 2016

K&L Gates partner Anthony Nolan (NY) will participate in a panel discussion on Marketplace Lending at the American Bar Association’s 2016 Spring Meeting in Montreal, Canada on Saturday April 9.

Archive:February 25, 2016