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Expert Analysis

Class Certification Tees Up Another True Lender Case

Law360, New York (January 8, 2015, 1:54 PM EST) -- The often debated topic of who is the true lender, something of great interest to marketplace lenders, will get another hearing in a case pending in the Northern District of California in Ubaldi v. SLM Corp.[1] This follows on the heels of court decisions last year where two courts came to different answers on the issue; one supported the bank as the actual true lender and the other found that the servicing partner was the true lender, not the bank....

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