Quote Originally Posted by CO1 View Post
Andrew Meola Apr 29, 2016 | 2:38 PM ET BII This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here. The lending market in the U.S. could soon change significantly. The Consumer Financial Protection Bureau (CFPB) is likely about to propose regulations on U.S. marketplace lenders, such as Lending Club and OnDeck, as soon as late 2017, reports the Wall Street Journal. This proposal would supervise "installment lenders," Read the full story

http://www.businessinsider.com/regul...by-2017-2016-4
This needs to happen in order for this industry to become institutionalized and have long term success. No doubt it will hurt many small shops and fly by nights while ultimately helping the big boys, but those with smarts will adjust and position themselves to be successful.