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An alternative financial service (AFS) is a financial service provided outside traditional banking institutions, on which many low-income individuals depend. [1] [2] In developing countries, these services often take the form of microfinance. [3]
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 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 ...
Alternative lenders often offer more flexible terms and may be better for startups, businesses with bad credit and businesses in need of small loans. Loans from online lenders are popular, but so ...
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;
The Consumer Financial Protection Bureau and Transportation Department held a hearing on rewards credit cards, a likely precursor to regulating them. ... Here are the alternatives to rewards cards ...
Alternative investments are nontraditional investments beyond the more typical stocks, bonds or mutual funds. No matter if you have short-term or long-term strategies, the main reason for investing...
Peer-to-peer lending does not fit cleanly into any of the three traditional types of financial institutions—deposit takers, investors, insurers, [2] and is sometimes categorized as an alternative financial service. [3] The key characteristics of peer-to-peer lending are: [4] It is conducted for profit.