WASHINGTON (8/18/15)--The U.S. Treasury is accepting comments through Sept. 30 on online marketplace lenders that serve consumers and small businesses.
The Treasury defines online marketplace lending as the segment of the financial services industry that uses investment capital and data-driven online platforms to lend.
Such lending is generally used by prime or near-prime consumers to refinance existing debt, according to the Treasury.
The Treasury is seeking specific comments on:
Online marketplace lenders are generally subject to regulations from agencies such as the Consumer Financial Protection Bureau and the Federal Trade Commission.