The American Association of Private Lenders (AAPL) announced its inaugural Day on the Hill, during which met with the offices of several senators on the United States Senate Committee on Banking, Housing, and Urban Affairs; and United States Senate Committee on Finance.
The delegation of private lenders and AAPL staff, including chairman Eddie Wilson and managing director Linda Hyde, converged on Capitol Hill Feb. 21 to advocate for private-lender-friendly regulation. The group will meet with the offices of Senators Blunt, Brown (Ranking Member; Banking, Housing and Urban Affairs), Burr (Finance), and Crapo (Chair; Banking, Housing and Urban Affairs).
“We not only introduced AAPL as the first and only national organization representing the private real estate and peer-to-peer lending industry,” said managing director Linda Hyde, “We also educated legislators about our profession and the impact legislative overreach has had on our members.”
This inaugural Day on the Hill coincides with the launch of AAPL’s Government Relations efforts, which seeks to effect advantageous legislation in state and federal legislatures.
“We’re kicking our legislative initiatives off with a bang,” said Hyde. “Between this Day on the Hill to meet with Congress movers-and-shakers and our Government Relations Committee, we are well on our way to creating a strong voice for private lenders in federal and state legislatures.”
“Now is the time to organize our plan of action to protect private lenders’ interests on Capitol Hill and the state legislatures,” said Hyde. “While private lending is still something of a niche industry, its continued growth brings it closer to becoming a mainstream alternative. That means a lot more eyes on us. It won’t just be unintentional overreach we have to watch for much longer.”
Per the association’s new government relations policy, AAPL’s advocacy role is to:
- Serve as a unified voice for the private real estate lending profession;
- Impact state and federal legislation, regulation and policy where it affects the private lending profession;
- Provide a platform for AAPL members’ participation in the democratic process;
- Educate and inform public policy makers and citizens with its specialized knowledge and expertise.
To learn more about AAPL’s Government Relations visit: https://aaplonline.com/government-relations.
About the American Association of Private Lenders
American Association of Private Lenders (AAPL) is the national organization representing the private real estate and peer-to-peer lending industry. Its three core principles – Excellence, Ethics & Education – provide a foundation for the next generation of real estate capital: private lending. AAPL serves as a catalyst for industry growth by fostering awareness, promoting best practices and encouraging a standardized code of ethics for its membership. AAPL is a part of Affinity Worldwide, a constellation of companies created to empower and support investors in the residential real estate industry. More information can be found at www.aaplonline.com and www.affinityworldwide.com.
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