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Goldman Plays Defense With Consumer Loan Initiative
Goldman Sachs' new consumer loan initiative is designed to keep the Wall Street giant ahead of the growing number of non-bank lenders making inroads. These firms, like peer-to-peer lenders Prosper and Lending Club, are growing fast. Goldman has some big advantages, though - which make its entry into the consumer loan market undoubtedly a smart move.
Goldman Sachs' new consumer loan initiative is designed to keep the Wall Street giant ahead of the growing number of non-bank lenders making inroads. These firms, like peer-to-peer lenders Prosper and Lending Club, are growing fast. Goldman has some big advantages, though - which make its entry into the consumer loan market undoubtedly a smart move.