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Inside Look: The meteoric rise of point-of-sale lending in the U.S.

June 26, 2020 at 07:27PM Almost a century ago, when the U.S. economy began to show signs of recovery after the initial shockwaves of the Great Depression, General Electric launched a point-of-sale lending product to provide cash-strapped customers with installment loans so the manufacturer could sell its product.  “Since we spun out of GE Capital five years ago, we’ve just […] via Bank Innovation https://bit.ly/3fYVWeT

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