A U.S. congressional panel is considering whether online lending platforms need more oversight after a perpetrator of last week’s shooting massacre in San Bernardino, California, used one of the websites to obtain cash days before the rampage.
The House Financial Services Committee is examining the loan and has sent questions to the Treasury Department, which deals with the financial industry’s reports on suspicious transactions, according to the panel’s communications director, David Popp. Syed Rizwan Farook, a U.S. citizen who worked for the government, had obtained the loan through Prosper Marketplace Inc. a few weeks before authorities say he and his wife carried out the Dec. 2 attack, a person with knowledge of the matter said Tuesday.
