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Do Marketplace Lending Platforms Offer Lower Rates to Consumers?

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Abstract

This note analyzes interest rates of loans from the two largest P2P platforms, Lending Club and Prosper, to observe their potential benefits to borrowers.

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  • Robert M. Adams, 2018. "Do Marketplace Lending Platforms Offer Lower Rates to Consumers?," FEDS Notes 2018-10-22, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2018-10-22
    DOI: 10.17016/2380-7172.2268
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/do-marketplace-lending-platforms-offer-lower-rates-to-consumers-20181022.htm
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    Cited by:

    1. Ross Hikida & Jason Perry, 2020. "FinTech Trends in the United States: Implications for Household Finance," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 16(4), pages 1-32, August.
    2. Croux, Christophe & Jagtiani, Julapa & Korivi, Tarunsai & Vulanovic, Milos, 2020. "Important factors determining Fintech loan default: Evidence from a lendingclub consumer platform," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 270-296.
    3. Gregory E. Elliehausen & Simona Hannon, 2023. "FinTech and Banks: Strategic Partnerships That Circumvent State Usury Laws," Finance and Economics Discussion Series 2023-056, Board of Governors of the Federal Reserve System (U.S.).
    4. Bertsch, Christoph & Hull, Isaiah & Qi, Yingjie & Zhang, Xin, 2020. "Bank misconduct and online lending," Journal of Banking & Finance, Elsevier, vol. 116(C).

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