The approximately $50 billion such firms lent to consumers in 2015 is a small portion of the $3.3 trillion U.S. consumer lending market, but that amount is likely to grow rapidly in the near future, signaling that regulators should keep a close watch, the Financial Stability Oversight Council warned in a recent report. The panel, formed after the 2008 financial crisis, monitors broad economic trends and industry developments in an effort to prevent a recurrence.

https://www.thestreet.com/story/13616693/1/why-lending-club-and-its-rivals-will-get-more-government-scrutiny.html?puc=yahoo&cm_ven=YAHOO