Leslie Caldwell, U.S. Department of Justice criminal division head, speaks during an interview in New York, U.S., June 3, 2016. REUTERS/Shannon Stapleton
The potential for abuse is growing in financial industries such as online lending, where technology is replacing traditional safeguards, the top lawyer in the US Department of Justice's criminal unit said.
In an interview with Reuters, Leslie Caldwell, the assistant attorney general who leads the unit, said the Justice Department "has an eye on" the online lending industry. Her concern: the loans are backed by investors, not deposits and other "infrastructure" that is common among more traditional lenders, Caldwell said.
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