Excellent analysis! Meanwhile, the Trump developments regarding the MAJOR disruption of the CFPB and his anti-regulatory stance, suggest a positive shift in the optimism of lenders , banks, credit unions… My industry, subprime lending for the -60% of USA households living paycheck to paycheck, and the ~40% of households earning >$100K annually living paycheck to paycheck is salivating over the prospect of less regulatory and compliance expenses! Hopefully, >unemployment won’t increase loan defaults dramatically! We shall see.
Excellent analysis! Meanwhile, the Trump developments regarding the MAJOR disruption of the CFPB and his anti-regulatory stance, suggest a positive shift in the optimism of lenders , banks, credit unions… My industry, subprime lending for the -60% of USA households living paycheck to paycheck, and the ~40% of households earning >$100K annually living paycheck to paycheck is salivating over the prospect of less regulatory and compliance expenses! Hopefully, >unemployment won’t increase loan defaults dramatically! We shall see.
Will we have a digital lending meltdown again?