I think one of the first comments on the Wired article sums this all up pretty well: http://www.wired.com/underwire/2012/12/mumford-sons-lending-copyright/#com

I think one of the first comments on the Wired article sums this all up pretty well: http://www.wired.com/underwire/2012/12/mumford-sons-lending-copyright/#comment-746074038 http://www.wired.com/underwire/2012/12/mumford-sons-lending-... TL;DR: The term lending has been on most records in the last 20 years and actually refers to public rentals, or something to that effect, and has nothing to do with letting your friend borrow your CDs.