Peer-to-peer lending is popping up a lot in banking circles all of a sudden, and reactions run the gamut.

At Wells Fargo, some employees received an email late last year saying they cannot participate in P2P lending because companies in that space are considered part of the competition. At the other extreme, tiny Titan Bank in Mineral Wells, Texas, is buying P2P loans for its own portfolio in an unusual alliance with the largest originator in this niche.

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