Peer-to-Peer Lending Poised for More Growth: Fed

Eight years after a lending model that matches individual borrowers with investors started in the United States, growth for peer-to-peer lending is likely to continue for some time.

According to a new paper from the Federal Reserve Bank of Cleveland, peer-to-peer lending has grown rapidly at an average pace of 84% a quarter since the second quarter of 2007.

>Read full article at cutimes.com