California Opens Inquiry Into Marketplace Lending Industry – Bloomberg Business

Private Money related – Non banks lending and peer to peer lending.

Most of what I have investigated has been far less than traditional credit card APR(rates)

 

California is conducting an inquiry into the practices of 14 so-called marketplace lenders to better understand the industry and how the state should think about its licensing and regulatory approach to the companies.

Source: California Opens Inquiry Into Marketplace Lending Industry – Bloomberg Business

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