Fintech Business Weekly

Fintech Business Weekly

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Fintech Business Weekly
Fintech Business Weekly
Small-Dollar Loans are on 🔥

Small-Dollar Loans are on 🔥

Marcus, Marcus, Marcus! & RIP LendingClub

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Jason Mikula
Oct 11, 2020
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Fintech Business Weekly
Fintech Business Weekly
Small-Dollar Loans are on 🔥
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Competition in Small-Dollar Lending Finally Paying Off For Consumers

In late March, several US financial regulators, including the CFPB, FDIC, and OCC, issued a joint statement encouraging responsible small-dollar lending in response to the economic dislocations caused by COVID-19.

It’s unclear if Bank of America’s announcement this week of its Balance As…

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