Following a spate of heightened regulatory, enforcement and legislative scrutiny, investor concerns around industry practices, and bad press, the marketplace lending industry is at a crossroad.
Some companies will struggle to respond adequately to these developments, and the industry may experience herd thinning. However, in this environment, industry players that embrace change and address the concerns motivating recent events will retain or regain the competitive advantages responsible for the sector's rapid growth, such as speed and an enhanced borrower experience, and find themselves in a stronger, more enduring market position. The following discussion highlights these recent developments and explores possible responses that will enable marketplace lenders to continue to realize the industry's promise.
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