Worried a recession is coming, U.S. online lenders reduce risk - Reuters

Worried a recession is coming, U.S. online lenders reduce risk - Reuters

Summary

U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn.

My Thoughts

I'm not sure how the market is going to be effected when news like this keeps pouring out.

Quote of the Day

The difference between successful people and really successful people is that really successful people say no to almost everything.

-Warren Buffet

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