Are peer-to-peer lenders the future of banking?

Websites that match up borrowers and lenders are enjoying a new wave of interest after a series of high-profile endorsements.

These websites act as a kind of broker between lenders and borrowers. The idea is that without expensive branches and the weight of regulation, they can offer better rates to both sides. So far, the established peer-to-peer lenders have kept bad debts impressively low.

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