It's gonna hit the low grade loans really hard. Quick calculation suggests that investing $25 in a loan over 3 years with ~30% interest you will get ~$0.47 deducted under the current structure, under the new structure @20% you'll get ~$2.6 deducted in fees!!! Over 5x increase!!!
Lending Crowd, please increase your loan offerings so I can move over there with a much more reasonable 10% fee.