Challenges for the Peer-to-Peer (P2P) Lending Market
DOI:
https://doi.org/10.47941/ijf.2009Keywords:
Peer-to-Peer Lending, Financial Inclusion, Regulatory Cooperation, Financial Education, Fraud PreventionAbstract
Through this paper, I would like to point out some pain points faced in P2P lending marketing and suggest appropriate ways to tackle these issues. To put things into perspective, I will start by talking about the history of P2P lending and the growth it has already achieved. Then, I will first talk about how fraudulent agents can act as deterrents to prospective market participants. Then, I will discuss how financial regulation is not always uniform across borders and the challenges that can arise out of this. Finally, I will conclude the paper with some recommendations of my own.
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References
Bank | Definition, History, Types, Examples, & Facts
https://www.britannica.com/money/bank/Historical-development
What drives the expansion of the peer-to-peer lending?
Prosper Marketplace – Form 10-K for the fiscal year ended 31st December 2009
https://www.prosper.com/Downloads/Legal/prosper10k123109%20(3.31.2010%20final).pdf
Prosper Marketplace – Prospectus – 28th December 2023
https://www.prosper.com/Downloads/Legal/Prosper_Prospectus_2023-12-28.pdf
What drives the expansion of the peer-to-peer lending?
Trade and investment core statistics book - Department for Business & Trade
Countries & Regions – The Office of the United States Trade Representative
https://ustr.gov/countries-regions
U K - US Financial Regulation: The Benefits of Greater Coherence – Center for Financial Stability
https://centerforfinancialstability.org/research/US_UK_Regulatory_Coherence.pdf
PROSPER FUNDING LLC $1,000,000,000 Borrower Payment Dependent Notes
https://www.sec.gov/Archives/edgar/data/1416265/000141626519000508/prospectus-september132019.htm
Peer to Peer (P2P) Lending Market (By Type: Consumer Lending, Business Lending; By End User: Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans; By Business Model: Marketplace Lending, Traditional Lending) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
https://www.precedenceresearch.com/peer-to-peer-lending-market
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Copyright (c) 2024 Goutham Sabbani
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Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
