Lending Club’s IPO was massively successful. Up 56% on the first day of trading. $1B of additional cash raised. That it was the first “peer-to-peer” lending company to go public made it that much more meaningful. Finance is not just being disrupted, but finance’s disruptors are now becoming mainstream. That is a big deal. The Financial Crisis of 2008/2009 has a lot to do with this. Many of the county’s top banks have paid fines for unbecoming activities associated with the crisis. Since 2009, those fines have totaled $184 billion … over 117 legal cases. And here’s the kicker, there are 174 cases still outstanding, in the process of being resolved, so we might not have even seen the half of it yet.

http://www.crowdfundinsider.com/2015/01/61248-peet-to-peer-lending-is-doing-what-banks-cant/