Joseph Cioffi and Massimo Giugliano’s article, “Spotlight Remains on Marketplace Lenders Post-Madden” was published in Law360.
Joseph Cioffi was quoted in a Structured Credit Investor article, “Next Steps: Madden Ruling Created Landscape of Uncertainty.”
In this Structured Credit Investor article concerning the potential effects of Madden v. Midland Funding on marketplace lending platforms, Joseph provides suggestions for platforms seeking to adapt to the ruling and the potential for the ruling to shape the industry. Joseph notes, “if partner banks start to get more involved in the origination process so as to avoid the problems of Madden, these...
Joseph Cioffi was quoted in an AltFi article, “Supreme Court Rejects Midland Appeal in Major Blow to Marketplace Lenders.”
Joseph Cioffi was quoted in a Structured Credit Investor article, “Madden Uncertainty to Continue.”
Joseph Cioffi offers the following quote to Structured Credit Investor, concerning the Madden v. Midland Funding case, “Not only are marketplace lenders at risk, but so will be the sponsors and other participants in the securitization of marketplace loans to the extent loans are held unenforceable or interest rates are reduced. Experience shows that when cashflows to investors are reduced,...
Joseph Cioffi co-authored a Davis & Gilbert Insolvency Alert titled “U.S. Supreme Court Leaves Marketplace Lenders Exposed to Further Claims Related to Loans They Issue and Securitize.”