IEG Holdings Corp. (IEGH) is Lending to the Under-Banked in 20 US States
Offering consumer loans in 20 states Robust underwriting standards Successful track record in the industry Despite living in the country with the world’s most sophisticated financial system, 16 million American adults are ‘unbanked’, according to the latest ‘Report on the Economic Well-Being of U.S. Households’ issued by the Board of Governors of the Federal Reserve System (http://nnw.fm/29Obr). Unbanked consumers are those without “a checking, savings, or money market account.” In addition, another 43 million or so are ‘under-banked’, defined as having a deposit account but also using at least one alternative financial service in the prior year. Yet prick the…