AltFin’s Bumpy Ride Into An Uncertain 2019
PYMNTS
DECEMBER 28, 2018
consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. According to the Federal Reserve , U.S. That amounts to $13.2
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