Blankfein: As a result of movements in technology, the opportunity in the consumer space has moved to us. — Bloomberg
NEW YORK: Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was good: Lenders led by online firms have opened the spigot for personal loans, even if it comes at a steep price.
Personal loans surged to a record this year and are the fastest-growing US consumer-lending category, according to data from credit bureau TransUnion.
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