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CFPB’s Latest P2P Scrutiny Signals Maturing Mkt, Ahluwalia Says

By Vy Phan

March 9, 2016

Bloomberg First Word by Adam Tempkin (March 9, 2016)

The Consumer Financial Protection Bureau’s March 7 announcement that it is now accepting complaints about online marketplace lenders will probably have little effect on larger platforms such as Lending Club, Avant and SoFi, because they already provide terms, fees and product types in a clear manner, Ram Ahluwalia, CEO of PeerIQ, said in a telephone interview.