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FinTech-Issued Personal Loans in the U.S

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  • Jessica N. Flagg
  • Simona Hannon

Abstract

The financial technology advances of the past decade brought to prominence a new group of lenders active within the personal loan space—financial technology (FinTech) lenders. Although traditional lenders such as banks, thrifts, credit unions, and finance companies continue to play an important role in providing personal loans to consumers, FinTech lenders gained a notable market share.

Suggested Citation

  • Jessica N. Flagg & Simona Hannon, 2023. "FinTech-Issued Personal Loans in the U.S," FEDS Notes 2023-08-30-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2023-08-30-1
    DOI: 10.17016/2380-7172.3362
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    File URL: https://www.federalreserve.gov//econres/notes/feds-notes/fintech-issued-personal-loans-in-the-us-20230830.html
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