Peer to Peer Lending News Roundup – December 14, 2013

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Lending Club Courts Small Banks as Personal-Loan Partners from American Banker – The most important news story of the week was clearly this front page article about Lending Club in the leading publication devoted to banking.

Investment Timing for Prosper Loans from Orchard – Fascinating post showing how fast loans are being funded at Prosper.

P2P lending sites facing bankruptcy in China from Want China Times – Some challenges appearing in the Chinese p2p lending market with dozens of platforms going bankrupt recently.

Big Data & P2P Lending: Don’t Be Misled from P2P Lending Advice – Why you need to be careful when doing statistical analysis on p2p lending data.

Lending Club hits $3 billion milestone from San Francisco Business Times – The recent Lending Club milestone caught the attention of Mark Calvey who has been following this industry for many years.

Third Party Automated Investing Tool for Lending Club from Peer & Social Lending – Q&A with one of the founders of LendingRobot, a new tool for investors.

Is Peer-to-Peer Lending Over? from The College Investor – As regular Lend Academy readers know p2p lending has been evolving quickly this year.

Prosper Review: 5 Steps (and 4 Days) for an Unsecured Personal Loan from LendingMemo – Simon Cunningham recently applied for a loan at Prosper and he writes about the experience in great detail.

The Cool Kids of Finance Join the Peer-to-Peer Bandwagon from American Banker – Slide show featuring the many big names now involved with p2p lending.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

New LC Prime – There was a lot of discussion this week about the new PRIME offering from Lending Club.

New Front Page Pie Graph? – Discussing the differences between credit card refinancing, debt consolidation and credit card payoff.

Notified borrower of potential legal action – Yes, sometimes delinquent borrowers are sued.

 

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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