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Are Non-Bank SMB Lenders Repeating the Mistakes of the Mortgage Crisis?
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Are Non-Bank SMB Lenders Repeating the Mistakes of the Mortgage Crisis?

Are Non-Bank SMB Lenders Repeating the Mistakes of the Mortgage Crisis?

Fintech Nexus Staff·
News RoundupOnline Lending
·Dec. 19, 2016·1 min read

Non-bank lenders like OnDeck, CAN Capital and Kabbage have originated billions in small business loans, but some fear they might be repeating the mistakes made by banks with subprime mortgages; recent overdue payments on securitizations are raising questions about predatory lending and marketing tactics; the small business market is significantly smaller than the mortgage market, and so the risk of another global financial crisis is small.  Source

 

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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