RK&O partner Scott Budlong was quoted in Law360's article "Treasury Recs Could Limit Disruption by Marketplace Lenders," which discussed the U.S. Treasury department's recent white paper on marketplace lending.
In the white paper, the Treasury called for heightened regulation of the industry, though it did not prescribe any specific regulatory measures. "Regulation could be helpful in the sense that if done properly, it could create a much clearer sort of map of what the responsibilities are on the different players in the market," Mr. Budlong said.
Notably, the Treasury's paper cited data from the RK&O/Wharton FinTech Survey of U.S. Marketplace Lending.