The recent Lending Club revelations have sent shockwaves through the nascent marketplace lending industry. Stock prices have taken a hit, capital partners are asking more questions and regulatory scrutiny could be on the horizon.

In an instant, the self-assured claims that online lenders would soon dethrone their stodgy banking forebears and bring about a tectonic shift in lending came to a halt. In their place, market analysts, bank executives and others have leapt at the opportunity to write the first lines of marketplace lending's obituary. Nothing like a whiff of scandal to bring about some good old-fashioned "I told you so's."

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