Strong Rebound Predicted for Online Lending in 2021
According to a report published by S&P Global, U.S. online originations are anticipated to rebound from 2020 and increase online origination volumes over 20%. “Lenders that have survived the storm will stand on stronger footing in 2021, as economists expect a strong rebound in economic activity this year, bolstered by the rollout of COVID-19 vaccines that allow economies to move closer to fully reopening. The resumption in business activity is expected to lead to considerable job gains and move unemployment closer to normal levels.”
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