Reform Reading: Consumer agency eyes crowdsourcing to police industry

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Prosper Marketplace":

"… histories, according to the New York Times. Rajeev Date was a director of Prosper Marketplace Inc., an online lending platform that matches consumers seeking loans with …"

"… nt into default, according to a story in the newspaper. Date resigned from Prosper Marketplace before Warren hired him as an adviser, and there is no evidence he violate …"

As person-to-person online lending grows, how should it be regulated?

By Alexandra Duszak

As institutional investors move into person-to-person online lending, how should it be regulated?

Excerpts from this story referencing "Government Accountability Office":

"… nd the new Consumer Financial Protection Bureau (CFPB), according to a new Government Accountability Office report.Together, the two companies have connected borrowers and lenders fo …"