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Marlette Fuding "arranged more than $450 million in consumer financing after unveiling a website in March to match investors with borrowers. More than $200 million was in the last three months of 2014."
This platform is for institutional investors only but the loans are made to consumers. One has to wonder how consumers managed to borrow $450 million in less than a year from a company nobody's heard of. How many more copycats are out there doing the same thing. I hate to say it but it is news of this sort that lends credence that we may very well be be starting a gigantic consumer loan credit bubble.
Marlette story seen on http://www.bloomberg.com/news/articl...did-in-5-years
This platform is for institutional investors only but the loans are made to consumers. One has to wonder how consumers managed to borrow $450 million in less than a year from a company nobody's heard of. How many more copycats are out there doing the same thing. I hate to say it but it is news of this sort that lends credence that we may very well be be starting a gigantic consumer loan credit bubble.
Marlette story seen on http://www.bloomberg.com/news/articl...did-in-5-years
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