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Mayer Brown advises HSBC Bank USA, N.A. on new digital lending platform

2 November 2018
Mayer Brown represented HSBC Bank USA, N.A. in negotiating a loan origination services agreement with Avant, LLC, a leading online marketplace lending company, including customization and implementation of a white-labeled version of Avant’s Amount lending platform for HSBC.

HSBC expects to lend amounts of up to $30,000 with loan terms of up to five years via the customized digital lending platform, which is scheduled to launch in the first half of 2019.

The Mayer Brown team was led by Chicago-based partners Joe Pennell, Elizabeth Raymond and Robert Kriss and included lawyers from the firm’s Technology Transactions, Corporate & Securities, Banking & Finance, IP, Litigation & Dispute Resolution and Financial Services Regulatory & Enforcement practices in Chicago, Houston and Northern California.
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