Banks fight to reclaim marketplace on personal loans, but its - TopicsExpress

Banks fight to reclaim marketplace on personal loans, but its doubtful that they can rival the lean practices of peer-to-peer lending. Pentagon Federal Credit Union says, Weve always focused on core products—cards, cars and castles [but] we never looked at [personal loans] as being a really competitive product for us... that has changed over the course of a few months. Read more to see how banks are struggling to regain their footing, and how alternative lending platforms seized a huge marketplace opportunity.

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