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Author: Caleb Crawdad

U.S. Consumers Are Increasingly Defaulting on Loans Made Online (31% WAC)

Online consumer lending has hit a stumbling block, better known as “breaching” and “trigger.” (Bloomberg) – Matt Scully – A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the […]