Nice overview of the 12 things regulators should do, in short: 

1. Require stronger controls on consumer data

2. Expand traditional data sources 

3. Include Fintech innovation in their response to the SME funding gap

4. Provide tax incentives to promote the development of market place lenders 

5. Improve regulatory reporting requirements 

6. Establish a single licensing agency 

7. Clearly define roles and responsibilities in the debt collection MPL

8. Balance the interest of borrowers and the profitability of the MPL industry.

9. Protect Investors through strengthening existing securities laws 

10. Rely on the traditional banking sector for clearing and settlement 

11. Introduce Risk retention and capital requirements for fintech companies

12. Allow secondary servicer agreements to reduce counterparty risk