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Online lenders brace for US economic downturn

Monday, April 15, 2019   (0 Comments)
Posted by: Amanda Averch
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Digital and peer-to-peer lenders, most of which launched after the financial crisis, are tightening lending standards as they expect the US to enter an economic downturn. These lenders are vulnerable during economic stress because they depend on market funding, which is sparse during such a period.

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