Online Lending Comes with Increased Scrutiny for Banks

New Avenue for a Taxi Banker: Online Lending
– American Banker

American Banker quoted Manatt’s Brian Korn, chair of the firm’s digital finance and marketplace lending practice, in an article about banks that decide to explore online lending in efforts to boost profits.

Banks that enter this line of business, however, can expect heightened scrutiny from their regulators, said Korn. "I think there are certainly risks involved in starting a new third-party funding platform," he stated.

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