Oct
20
Online Lenders Seek to Shape Industry Before Regulators Do
By
Nat Hoopes, executive director of the Marketplace Lending Association, a trade group in Washington that represents online lenders. CreditAndrew Mangum for The New York Times
WASHINGTON — Online lenders are drawing from a familiar playbook in Washington as scrutiny of the business heats up.
A central plank of their strategy is to prove that the industry can tame itself without the need for additional government intervention. By distancing themselves from payday lenders and other businesses whose predatory tactics have drawn regulatory fire, online lenders hope to avoid a similar crackdown…
Online Lenders Seek to Shape Industry Before Regulators Do
