peer-to-peer lending

Lending Club, a leader in the peer-to-peer marketplace, is mired in scandal. The finance technology industry, known as FinTech, is dissecting what it means for online lending.

The Internet has managed to disrupt many industries, from publishing to music. So why not lending? Google's recent investment in Lending Club has raised the profile of peer-to-peer lending, which gets borrowers and lenders together outside the conventional banking system.