12 It is estimated that online alternative lenders originated $ billion in 2014, with unsecured consumer loans representing $ billion and small business loans accounting for approximately $ billion. 13 While this amount represents only a small fraction of U.S. unsecured consumer and small business lending overall, the rate of growth is notable.
This puts the group at an immediate disadvantage when it comes to addressing issues, because, given the differences, even agreeing on a common objective, let alone a common approach may be a difficult, if not impossible task.