Which Lenders are More Likely to Reach Out to Underserved Consumers: Banks Versus Fintechs Versus Other Nonbanks?
Erik Dolson,
Julapa Jagtiani
Abstract:There has been a great deal of interest recently in understanding the potential role of fintech firms in expanding credit access to underbanked and credit-constrained consumers. We explore the supply side of fintech `credit, focusing on unsecured personal loans and mortgage loans. We investigate whether fintech firms are more likely than other lenders to reach out to “underserved consumers,” such as minorities; those with low income, low credit scores, or thin credit histories; or those who have a history of b… Show more
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