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Fintechs Have a Larger Share of Personal Loans than Banks or Credit Unions

November 27, 2017

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years.

The report, called Fact versus Fiction: FinTech Lenders, was released last week during the Digital Lending + Investing Conference in New York, and shows that fintechs have a bigger share of the personal loans market than banks and credit unions.

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