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Alternative financial services in the United States refers to a particular type of financial service, namely subprime or near-prime lending (that is, lending to people with relatively poor credit) by non-bank financial institutions.
Alternative financial services are typically provided by non-bank financial institutions, although person-to-person lending and crowd funding also play a role. These alternative financial service providers are estimated to process about 280 million transactions per year, representing roughly $78 billion in revenue. Customers include the unbanked.
Alternative finance has grown into a considerable global industry in recent years following the financial crisis, according to various reports, particularly for small and medium enterprises. [ 5 ] [ 6 ] For instance, the European online alternative finance market is estimated to have reached nearly €3bn in 2014, [ 7 ] and is projected to ...
Peer-to-peer lending does not fit cleanly into any of the three traditional types of financial institutions – deposit takers, investors, insurers [11] – and is sometimes categorized as an alternative financial service. [12] Typical characteristics of peer-to-peer lending are: it is sometimes conducted for profit;
For articles on specific financial services companies, see Category:Financial services companies. ... Alternative finance; Alternative financial service; C. Capital ...
Small business lending and activity in the area declines. More people use alternative financial services that open them to unregulated and predatory financial practices. An important commercial ...
Financial Services Board (South Africa) (1990–2018) Financial Services Authority (2001–2013) in the United Kingdom; Federal Home Loan Bank Board (1932-1989) and Office of Thrift Supervision (1989–2011) in the United States
Pages in category "Financial services in the United States" The following 26 pages are in this category, out of 26 total. This list may not reflect recent changes .