Rising household debt, ABS, blockchain take the stage at LendIt 2018

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By Sasha Padbidri
11 Apr 2018

The annual LendIt event in San Francisco honed in on key themes such as financial inclusion for US consumers, rising household debt and online lenders' ABS aspirations. Meanwhile, conference goers are beginning to turn their attention to blockchain technology as LendIt’s BlockFin sister event gets underway.

Rather than focus on his company in the keynote speech on April 9, LendingClub CEO Scott Sanborn drew attention instead to the staggering volume of US consumer debt, which now stands at $13tr. According to data quoted by Sanborn, approximately 45% of Americans spend half their income servicing ...

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