TRY FOR FREE

Should Alternative Lenders Expect a Regulatory Tide?

The success of alternative lenders

Alternative lending has been bothering bankers and regulators for a while now as the most successful representatives of the segment hold a rather significant share of loans. In fact, five largest alternative lenders have more than $28 billion worth of loans distributed among them. Lending Club leads the group having disbursed more than $13 billion of loans followed by SoFi which has helped its customers by disbursing loans worth $6 billion followed by Prosper, Avant and LendKey with $5 billion, $2 billion and $1.8 billion of loans respectively. Moreover, Lending Club, one of the largest alternative lenders in the market, shared an expectation of 70% YoY growth in FY 2016 last year.

Alternative lending has proved to be extremely successful with customers and there are

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED