Developments Flashcards
1
Q
What is the Innovative Lending Platform Association proposing to do in terms of regulating the industry?
A
They plan on adding a new disclosure box that will display a small-business loan’s pricing in terms of annual percentage rates, total dollars to be repaid and other metrics.
2
Q
What online lender recently (Oct. 14th 2016) stopped originating loans due to a shortfall in funding?
A
CircleBack Lending Inc.
3
Q
According to IBISWorld estimates, how many online lenders are there in the US?
A
More than 160
