Peer-to-Peer Lenders Struggle to Compete with Brick and Mortar Banks
investigativeeconomics.substack.com
Peer-to-Peer (p2p) lenders such as Social Finance (SoFi), Prosper, and LendingClub have been around for over a decade by now. They offer a new way to lend money, not via standard bank deposits, but as loans from other peers. And such they don't require the same regulatory overhead as brick and mortar banks.
Peer-to-Peer Lenders Struggle to Compete with Brick and Mortar Banks
Peer-to-Peer Lenders Struggle to Compete with…
Peer-to-Peer Lenders Struggle to Compete with Brick and Mortar Banks
Peer-to-Peer (p2p) lenders such as Social Finance (SoFi), Prosper, and LendingClub have been around for over a decade by now. They offer a new way to lend money, not via standard bank deposits, but as loans from other peers. And such they don't require the same regulatory overhead as brick and mortar banks.