400 7th St SW, Washington, DC 20024 | Directions & Nearby
JUN 9, 20169:30AM
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.
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|9:30 am||Introductory Remarks
|9:45 am||Panel 1: The Current State of Marketplace Lending and its Implications for Consumers
|10:45||Presentation by FTC Office of Technology Research and Investigation
|11:15 pm||Panel 2: Looking Forward: Protecting Consumers as the Market Evolves
|12:15 pm||Concluding Remarks