Important Guidance Given on Person-to-Person Lending Platforms

On July 7, 2011, the U.S. Government Accountability Office (“GAO”) published an important report, as mandated by Section 989F of the Dodd-Frank Act, addressing the major person-to-person (“P2P”) lending platforms and the potential regulatory challenges the platforms could face as the industry continues to grow. To view a complete summary of the report, please click here.