FinTech Lending with LowTech Pricing

We thank Avramidis Panagiotis, René Stulz, Francesco D’Acunto (discussant), and the seminar audiences at the CFPB Research Conference, Brigham Young University, the OCC FinTech Symposium, The Ohio State University, and the Federal Reserve Bank of Philadelphia for their helpful comments. The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or commissioner. This article expresses the authors’ views and does not necessarily reflect those of the Commission, the commissioners, or staff members. Ben-David is a member of the Academic Research Council at the Consumer Financial Protection Bureau (CFPB). This article does not necessarily reflect the views of the CFPB or its staff. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.