(The following statement was released by the rating agency) Link to Fitch Ratings' Report: The Rise of Marketplace Lending ABS here NEW YORK, September 10 (Fitch) U.S. marketplace lenders are increasingly looking at ABS as a viable funding source but key challenges need to be addressed before moving from niche product to mainstream, according to Fitch Ratings in a new report.
Marketplace lending has become a more mainstream source of borrowing in a short time for consumers and small businesses. One main reason is the ability of marketplace lenders to connect with consumers and small businesses directly. Borrowers in-turn find the ease of use and bypassing traditional ban...
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