This document discusses how peer-to-peer lending platforms like Lending Club are transforming banking by allowing individuals to directly invest in loans to borrowers. It outlines benefits for both borrowers and investors, such as lower rates and returns. While concerns about safety exist, these platforms address problems with traditional loans like denials, high rates, fees and provide friendly service. The business model connects borrowers and investors through the platform, which earns fees. Major platforms like Lending Club have experienced rapid growth and traction but also face risks from defaults, interest rates, and lack of government protections.