Welcome

The Coalition for New Credit Models is made up of for-profit,non-profit, and social enterprises using new technologies, products and business models to provide credit and information to millions of consumers and small and mid-market businesses. These models serve as innovative alternatives to existing banking and financial institutions and are backed by venture and social capital to stimulate the economy, shore up financial markets, and enhance local communities. These models have a special focus on bringing transparency, fairness, durability, and accountability to consumers and to our credit markets. They represent new innovations, technologies, and services that were not possible - until recently. Most importantly, the members of this coalition are committed to providing responsible lending, financing, and market liquidity to a diverse range of individuals, families, and small and mid-market businesses with an emphasis on financial inclusion.

The Coalition and its members have garnered media attention in recent months from a wide range of outlets:

Click on the video below to see Chris Larsen, founder and CEO of Prosper, on FOX Business where he appeared June 16, 2010, to discuss how consumers will be better served if the online peer-to-peer lending inudstery is regulated by banking regulators, as opposed Wall Street regulators.