Marketplace lending relies on screening and information production by investors, a major deviation from the traditional … banking paradigm. Theoretically, the participation of sophisticated investors improves screening outcomes but also creates … develops, it optimally increases platform pre-screening intensity but decreases information provision to investors. Using novel …

We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants …

We exploit a nation-wide introduction of mandatory disclosure of borrowers' total credit exposures and show that … sharing such information increases credit access independent of borrowers' history. Differentiating between borrowers applying … history, we find an overall increase in credit access measured by both loan application acceptance and credit amount. While …