Results for Tag "lending"

Cleveland Fed Slams ‘Predatory’ Marketplace Lending in Report

Authors says peer-to-peer lending is in need of regulation




Study says delinquency rates are increasing at alarming rate






The Cleveland Federal Reserve Bank slammed the peer-to-peer lending business, calling it predatory and asking for more regulation.As for the claim that marketplace loans can help borrowers increase their credit score, the authors found otherwise.