What Are We Doing to Affect Change?

We see a tremendous opportunity RIGHT NOW to effect positive change for alternative credit and lending companies. Given the system-wide public and private breakdowns in the financial and credit markets, policy-makers on both sides of the aisle and from either end of Pennsylvania Avenue are taking a substantive look at the future of the current financial services regulatory regime. Even in those proposals, there is still an absence of federal policies for alternative credit models. The lack of direction, guidance, and acceptance by federal regulators, has had a chilling effect on new and innovative alternative credit models beyond the P2P industry.

The current regulatory framework for banking and credit does not contemplate innovative and alternative models and federal regulatory uncertainty has severely limited or stopped the funding, development, and launch of new technologies at this most critical time for families and businesses looking for credit.

The Coalition’s key principles are to:

  1. Advocate for a favorable and holistic business environment for all coalition members and/or policies to recognize and cultivate innovative alternative credit models.
  2. Ensure that the voice of new and innovative credit models and start-ups is heard in the upcoming dramatic restructuring of the domestic financial regulatory regime.
  3. Make certain that new credit models are classified in a regulatory environment that facilitates speedy review while safeguarding consumers, small and mid-market businesses, and investors.
  4. Maintain the highest privacy and data security standards under any regulatory or non-regulatory environment, which might be difficult
    5. to do under some current regulations for legacy financial institutions.


    "Bar Graph" by kevinzhengli