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06-29-2014, 01:24 PM #3
Reputation points: 13
- Join Date
- Jun 2014
- Posts
- 21
Lending club and others are going to create a major adverse selection for the MCA / daily debit lenders. When the cream of the crop borrowers head over there --- as they are already starting to --- what is going to happen to your loss rates and P/L ?
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