U.S. Consumers Are Increasingly Defaulting on Loans Made Online

Excerpted Article from
Bloomberg Markets
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A bad sign.

U.S. Consumers Are Increasingly Defaulting on Loans Made Online

A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking.
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