Weekly Online Lending Snapshot – March 23, 2018
Federal Reserve has raised the federal funds rate for the sixth time since the Recession. The central bank increased the target rate by .25% to a new rate between 1.5%-1.75%. USA Todaywrote an insightful article about expected future interest rates for different sectors of the US lending industry. President Trump announced $50 billion in new tariffs against China. As reported, Fed Chair Jerome Powell said that an escalation of trade tensions around the U.S.’s tariff policy could cause the economy to slow down and force the Fed to reassess its economic outlook.
In other news, TheFraudPractice produced an interesting white paper about a new fraud risk management technique using unique signals and users response from potential borrowers. Franklin Templeton acquired machine-
Note that this report is updated as of Thursday’s market close to ensure we can get it to you before the weekend. Please contact us with any feedback or suggestions you may have for future snapshots.