Online Finance Draws on Geographical Data, Raising Questions

When Harlan Seymour wanted to deposit in consumer loans in 2014, a software engineer set adult a mechanism module that filtered out intensity bets partly by where a borrower lives.

The plan paid off. He said he earned about 8.5% over a subsequent year on hundreds of thousands of dollars in loans he funded on electronic lending sites that arrange loans for borrowers and afterwards sell a loans to investors. “I found that a mercantile health…

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