As of Friday, February 23, 2018, recent updates made to the Truth in Lending disclosure statement
for unsecured consumer loans will take effect.
Over the past year and a half, Goldman has built a digital banking arm with about $ 20bn of deposits and $ 2.4 bn
of unsecured consumer loans.
Through its brands GetBucks, GetBanked and GetSure the company
offers unsecured consumer loans, banking solutions as well as insurance products to customers.
An unsecured consumer loan is financing that doesn't require collateral.
I remember thinking, «why am I paying more for a secured first - position loan than I'm earning on
an unsecured consumer loan?