“Online marketplace lending refers to the segment of the financial services industry that uses investment capital and data-driven online platforms to lend to small businesses and consumers.”^[1]

On July 20, the Department of the Treasury published a Notice and Request for Information (“RFI”) seeking comment on various aspects of online marketplace lending, including –

• the business models and products offered to small businesses and consumers
• the potential to expand access to credit to underserved market segments
• how the financial regulatory framework should evolve to support the growth of the industry
• Treasury asks for comment on 14 categories of questions, some of which include multiple specific questions, which we summarize and, with respect to some, offer initial thoughts on below.

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^[1] 80 Fed. Reg. 42866 (July 20, 2015)