Events Featured

Event: FinTech Series: Marketplace Lending

Where ?

CONSTITUTION CENTER
400 7th St SW, Washington, DC 20024 | Directions & Nearby

When ?

JUN 9, 20169:30AM

Description:

Starting this summer, the FTC will host a forum series exploring emerging financial technology and its implications for consumers. The first FinTech Forum – scheduled for June 9, 2016 – will address marketplace lending.  Marketplace lenders are typically nonbank financial platforms that leverage technology to reach potential borrowers, evaluate creditworthiness, and facilitate loans.  Marketplace lending can provide an avenue for consumers and small businesses to quickly obtain loans that might not be available from traditional sources.  The forum will examine the range of marketplace lending models, their potential benefits to consumers, possible consumer protection concerns, and the applicability of consumer protection laws to market participants.

The FinTech series will bring together researchers, industry representatives, law enforcement agencies, and consumer advocates for half-day discussion sessions focusing on consumer protection and emerging financial technology.  Each forum will take place in Washington, D.C. and will be open to the public. The next forum will take place in fall 2016.

Find out more

https://www.ftc.gov/news-events/events-calendar/2016/06/fintech-series-marketplace-lending

Agenda

9:00 am Registration
9:30 am Introductory Remarks

  • Stephanie Rosenthal
    Chief of Staff Division of Financial Practices, Federal Trade Commission

Opening Remarks

  • Edith Ramirez
    Chairwoman, Federal Trade Commission
9:45 am Panel 1: The Current State of Marketplace Lending and its Implications for Consumers


Moderators:

  • Malini Mithal
    Acting Associate Director, Division of Financial Practices, FTC
  • Elizabeth Kwok
    Investigator, Division of Financial Practices, FTC

Panelists:

  • Shaheen Hasan
    Manager
    Center for Financial Services Innovation
  • Ed Mierzwinski
    Consumer Program Director and Senior Fellow,
    U.S. PIRG
  • Jessica Milano
    Deputy Assistant Secretary for Small Business, Community Development, and Housing
    U.S. Department of Treasury
  • Peter Renton
    Publisher of Lend Academy Website and co-founder of
    LendIt
10:45 Presentation by FTC Office of Technology Research and Investigation


Phoebe Rouge
Technologist, Office of Technology Research and Investigation, FTC

 

11:15 pm Panel 2: Looking Forward: Protecting Consumers as the Market Evolves


Moderators:

  • Duane Pozza
    Acting Assistant Director, Division of Financial Practices, FTC
  • Helen Wong
    Attorney, Division of Financial Practices, FTC

Panelists:

  • Thomas Dresslar
    Deputy Commissioner of Policy and Planning
    California Department of Business Oversight
  • Conor French
    General Counsel, Funding Circle USA
    on behalf of the Marketplace Lending Association
  • Brian Knight
    Senior Research Fellow for the Financial Markets Working Group
    Mercatus Center at George Mason University
  • Lauren Saunders
    Associate Director,
    National Consumer Law Center
12:15 pm Concluding Remarks

  • Jessica Rich
    Director, Bureau of Consumer Protection, FTC

 

 

 

 

 

About the author

George Popescu

Serial entrepreneur.

George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals and CFDs space company. George was the Founder and CEO and he boot-strapped from $0 to a $20+ million in revenue without any equity investment. BT has been #1 fastest growing company in Boston in 2011 according to the Boston Business Journal and the only company being in top 10 fastest in 2012-13 as it was #5 in 2012. BT has been on the Inc. 500/5000 list of fastest growing companies in the US for 4 years in a row ( #143, #373, #897 and #1270). After the company sale in July 2014 until February 2015 George was Head-of-Strategy for Currency Mountain ( www.currencymountain.com ), a USD 100 million+ holding company focused on retail and medium institutional currencies, precious metals, stocks, fixed income and commodities businesses.

• Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal ( Journal of Cellular and Molecular medicine…) and more. George advised 30+ early stage start-ups in different fields. George was also a mentor at MIT’s Venture Mentoring Services and Techstar Fintech in NY.

• Previously George obtained 3 Master's Degrees: a Master's of Science from MIT working on 3D printing, a Master’s in Electrical Engineering and Computer Science from Supelec, France and a Master's in Nanosciences from Paris XI University. Previously he worked as a visiting scientist at MIT in Bio-engineering for 2 years. George had 3 undergrad majors: Maths, Physics and Chemistry. His scientific career led to about 10 publications and patents.

• On the business side, Boston Business Journal has named me in the top 40 under 40 in 2012 in recognition of his business achievements.

• George is originally from Romania and grew up in Paris, France.

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