Responsible Marketplace Lending — Indispensable for Commercial Solar’s Growth
The month of May saw some upheaval in the marketplace lending industry with the abrupt resignation of the CEO of leading peer-to-peer lending platform, Lending Club. The crisis has led to speculation regarding the viability of the broader marketplace lending business model. Critics cite high balance sheet risk, limited transparency, and insufficient federal regulation. However, just as SunEdison’s bankruptcy in no way reflects the health of the entire solar industry, the actions of the former Lending Club CEO have no bearing on the tremendous long-term potential of marketplace lending.
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