Online Lenders Already in Turmoil Facing U.S. Call for RulesBy
Treasury seeks more transparency for borrowers and investors
White paper's release follows ouster of LendingClub's CEO
Marketplace lenders need to be more transparent about their business practices and some should be subject to additional oversight from U.S. regulators, according to a Treasury Department study released as the industry grapples with market turmoil and a scandal involving one of its leading firms.
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