2 ms·That is a formidable barrier to entry.by gruseom 17y agoThat is a formidable barrier to entry.encoderer 17y agobut lending club beat them to it... or am i misunderstanding?gruseom 17y agoI was referring to SEC approval to do something unorthodox with securities online. I'm ignorant of the space, so it's quite possible someone beat them to it.noodle 17y agolending club works differently.