1. Lender bender.
- Author
-
Kollmorgen, Andy
- Subjects
- *
PEER-to-peer lending , *LOANS , *BANKING industry - Abstract
The article discusses the growing popularity of peer-to-peer (P2P) lending in Australia. Topics covered include how P2P lending works, the important role of the Comprehensive Credit Reporting (CCR) initiative in the continued growth of P2P lending, and the disadvantages of using the CCR. It also discusses the possible entry of Australian banks on the growing P2P lending market, and the importance of CCR to the P2P business model according to P2P lending companies RateSetter and Society One.
- Published
- 2015