"This type of business is not that large, but it has the potential to be disruptive and could be very large going forward." These are usually always great things to hear about your business model----unless it comes from the Federal Reserve, of course. It appears the online lenders have now caught the attention of even more powerful regulators as they have expanded their partnerships with community banks and larger financial institutions. Federal Reserve Bank President James Bullard wants to learn as much as possible about the p2p lending industry to ensure that the regulator's actions are not inappropriately providing a competitive advantage to any one group of lenders.