Is chatter about alternative lending overwhelming your credit union?

first_imgAre you paying attention to all the media coverage devoted to alternative lending?It’s tempting to dismiss, I’ll admit. The media seems to identify an “Uber for [fill-in-the-blank]” every week, in nearly every industry. “Alternative lending” sounds as much like a buzzword as an actual factor in the financial industry.But alternative lending is more than a buzzword. Much more. It may account for a small segment of the U.S. lending market today, but its growth is worth noting – and it offers many lessons to credit unions.What follows is the first of what I expect will be four posts on alternative lending. This post covers the basics: What exactly do people mean when they talk about alternative lending?In future posts, I plan to cover the ways credit unions are addressing the rise of alternative lending, where the opportunities lie for these institutions, and how technology comes into play in this developing field. continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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