peer to peer lending

There is a lot of hype about the future potential of crowdfunding and peer-to-peer lending. The US has shown the huge potential with platforms such as Lending Club and Prosper lending billions of dollars a year.
Peer-to-peer lending is one of the most exciting developments of recent modern finance. It is also the chance for finance to become democratised, as investors themselves decide who to lend to, and what a borrower is charged.
As revolutions go, it's hardly been a box office smash. No barricades were manned, no parliaments stormed, no toppled despots
Government initiatives launched to much fanfare, did little to benefit small businesses. The banks ignored the cries of all around them to do what they are supposed to do, lend, preferring to stick their fingers tightly in their ears and warble "la la la" instead.
The Treasury has announced that peer-to-peer lending will fall under the Financial Conduct Authority for its regulations
Lancashire County Council has announced a new venture to assist SMEs by lending £100,000 through online lending marketplace
This was the heading of a recent Citi research report in the US, on the investment prospects of various regional banks. The title being an obvious play on the words from the infamous Dire Straits song 'Money for Nothing'. The broader subtext being that the banking system is broken.