Hear from Both Sides of the Aisle on the Future of Fintech
Comptroller of the Currency Keith Noreika and Congressmen from Both Parties Scheduled to Speak at Online Lending Policy Summit on Sept. 25 in Washington, D.C.
WASHINGTON, Sept. 14, 2017 /PRNewswire/ -- The Online Lending Policy Institute (OLPI), the leading voice for policy analysis, in-depth research, and education for the online lending industry, today announced its roster of speakers for the Second Annual Summit on Sept. 25 at the Renaissance Hotel in Washington D.C. The Online Lending Policy Summit provides an opportunity for industry participants to share insights, propose standards, and have an open dialogue with regulators and policymakers to build consensus viewpoints on the regulation of online lending. Keynote addresses will be delivered by the following four policy leaders:
- Keith Noreika, Acting Comptroller of the Currency. Mr. Noreika advocates for the need to embrace innovation while ensuring that new products and services do not present undue risk to the financial system. He will discuss how regulators and industry can work together on "responsible innovation" and with principles for governing the rapidly growing financial technology sector.
- Congressman Gregory W. Meeks (D-NY-5), now in his tenth term, serves one of the most diverse constituencies in the nation. Mr. Meeks is known for being an effective, principled, and commonsense leader. Congressman Meeks is a senior member of the U.S. House Financial Services Committee, and is the lead Democratic sponsor of important legislation dealing with the Madden v Midland Funding court case.
- Congressman Tom Emmer (R-MN-6) represents Minnesota's 6th District in the U.S. House of Representatives. He began his congressional career on January 6, 2015 and serves as a key member of the U.S. House Committee on Financial Services. Prior to his congressional service, Mr. Emmer practiced law for several years, and followed his entrepreneurial calling and opened his own law firm. In 2004, he was elected to the Minnesota House of Representatives and re-elected by overwhelming majorities in 2006 and 2008. After a narrow loss in the 2010 gubernatorial race, Tom entered the radio business as a conservative radio host.
Also of note, the panels are jammed packed with industry experts, including former Comptroller of the Currency Thomas Curry. In attendance this year will be regulators, academics and representatives of various consumer groups.
The Summit and OLPI were founded by Cross River, the Boston University Center for Finance, Law & Policy (CFLP), and RocketLoans. The Summit facilitates an open and constructive dialogue between the public and private sectors, presents reasonable solutions to meet the goal of responsible innovation, and convenes various stakeholders to encourage the development of a regulatory framework that protects borrowers while promoting innovation.
For additional information about attending the event or becoming a sponsor, please visit onlinelendingpolicysummit.com.
About the Online Lending Policy Institute
The Online Lending Policy Institute's mission is to ensure consumers continue to benefit from the lower cost of credit and increased, convenient access to capital provided by online lending while supporting consumer protection and a strong financial system. The Institute works towards that mission by engaging policy makers and industry stakeholders in the creation of forward-thinking public policy. For additional information visit olpi.info.
Membership in OLPI is open for Fintech start-ups, banks, online lenders, service providers, consumer groups, other industry associations, academics, attorneys, and consultants. For more information about OLPI, include about becoming a member, visit olpi.info.
About Cross River Bank
Founded in 2008, Cross River is a New Jersey State Chartered FDIC-insured bank. The company recently secured $28 million VC funding from three well-regarded investors (Battery Ventures, Andreessen Horowitz, and Ribbit Capital) and has developed strategic partnerships with Fintech leaders to build fully compliant and integrated solutions for the marketplace lending and payment processing arenas. As disintermediation and financial independence increasingly fuel the new economy, Cross River is uniquely positioned to service both the established giants and the growing list of new entrants into these sectors. Corporate website: www.crossriverbank.com.
Detroit-based RockLoans Marketplace LLC (d/b/a RocketLoans) is a national marketplace lending company specializing in online personal loans. As a recent addition to the Quicken Loans Family of Companies, RocketLoans is committed to providing the most user-friendly lending process available today. The company boasts a client-centric, convenient and secure approach to the personal loan process that is best-of-breed in the marketplace lending industry. Loans received through RocketLoans are made by Cross River Bank, an FDIC insured, New Jersey State chartered commercial bank, and serviced by RocketLoans. For more information please visit RocketLoans.com.
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