Tag Archives: loans

Consumer Borrowing Slowed in May, Fed Report Shows

Consumer Borrowing Slowed in May, Fed Report Shows Source: Federal Reserve Board/Federal Reserve Bank of Atlanta U.S. consumers took on debt at a slower pace in May, according to the Federal Reserve’s monthly consumer credit report. Total consumer credit outstanding, which includes loans for household, family, or personal expenditures, grew $16.1 billion—or 5.7 percent annually—in […]

Peer-to-Peer Lending Industry Revenue to Grow 37.7% in 2015

Peer-to-Peer Lending Industry Revenue to Grow 37.7% in 2015 Source: IBISWorld With many consumers and small businesses embracing the concept of borrowing and loaning money to strangers over the past five years, the Peer-to-Peer Lending Platform industry has seen explosive growth. The number of operators has risen from ten in 2010 to 111 in 2015, […]