Oct
29
People Have Some Interesting Thoughts About Peer-to-Peer Lending
ByDo marketplace lenders need access to the Fed’s discount window, tax breaks, and more?
A scene from Lending Club’s initial public offering last year.
Source; Bloomberg
Peer-to-peer, or marketplace, lenders have been growing fast as they seek to disrupt the traditional world of banking by connecting borrowers directly with lenders. As they develop, however, they’re bumping against a host of old and new rules, including arecent court decision that could make it more difficult for them to lend. They’re also becoming more firmly entrenched with the banks they had once set out to circumvent.
Earlier this year, the U.S. Department of the Treasury asked for more information about the swiftly expanding industry…
People Have Some Interesting Thoughts About Peer-to-Peer Lending
