A report by the Federal Reserve Bank of Cleveland that slammed the peer-to-peer lending industry has been taken offline for clarification after researchers received inquiries about their methodology.
The authors of the Nov. 9 report "have received several questions about the composition of the underlying data set they used in their analysis," the Cleveland Fed said on its website. They are "revising their paper to further clarify the data sample they used" and will post the new version as soon as it's ready, the regulator said.
The study called for more regulation of the industry.
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