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Volume: 5 Issue: 8
(August 2011)
Keywords:
p2p
peer to peer
peer-to-peer
lending club
prosper
us government accountability office
ugao
congressional watchdog
credit card
borrowing
bank
Authors:
michiel willems
Organisations:
us government accountability office
ugao
prosper
P2P lending firms gain momentum in the US market
Online peer-to-peer (P2P) lending is experiencing unprecedented levels of growth in the US, as the cost of borrowing from banks and credit cards remains high and the current economic climate uncertain, according to reports.
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