At the annual Lendit conference, Lending Club CEO Renaud Laplanche kicked things off with a rather sober message of four headwinds facing the industry. Venture capital funding is declining, interest rates are increasing, an economic downturn is looming and the regulators are looking more closely at the marketplace lending business model. 2016 will be an important year for the sector: there is a general view that only the strongest platforms will survive and many smaller businesses and platforms will fail this year.
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