There's a big clearout going on in the peer-to-peer lending industry

British peer-to-peer lenders are already shutting up shop ahead of regulation of the sector, according to reports. The UK's Financial Conduct Authority (FCA) is in the process of regulating the peer-to-peer sector, where people can lend money directly to consumers and businesses via online platforms. The sector has exploded in popularity since the 2008 crash due to a drying up of credit and the stagnation of interest rates (people who lend money over the platforms typical get rates of 8% or more...