Creation of an interagency working group on online marketplace lending, to more closely monitor developments in that space, is a key recommendation in the Treasury Department’s much-awaited report on this aspect of fintech.
In its report, Opportunities And Challenges In Online Marketplace Lending, Treasury recommended that the group include multiple agencies with a stake in the debate on how marketplace lending performs and is regulated. This would be on top of Treasury’s intent to monitor evolution of the marketplace lending industry.
