Marketplace Lending News Roundup – June 13, 2015

News

During the week I share the latest marketplace 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.

You can’t chase returns like this in the stock market from CNBC – The always insightful Ari Levy on the similarities between marketplaces CircleUp and Lending Club.

Chinese online lender plans to provide finance to the millions overlooked by banks from South China Morning Post – China Rapid Finance is one of the leaders in p2p lending in China. This is a good interview with their CEO.

Lending Club teams up with Sam’s Club to Deliver Small Business Financing from the Lending Club Blog – Lending Club is now an option for business owners seeking a loan at Sam’s Club.

Navigating the Chinese Market – Webinar Video from the LendIt Blog – The webinar on the Chinese p2p lending market from Friday is now available for viewing.

Payday lenders take aim at grubby end of US debt market from Financial Times – Companies like LendUp and Elevate are changing the way payday lending works.

Prosper to Host Webinar to Introduce its Sixth-Generation Credit Model from the Prosper Blog – Prosper is hosting a webinar to announce their new credit model. I signed up for it.

Prosper to Charge Fee to Investors That Bundle Loans Into Bonds from Bloomberg Business – Interesting move from Prosper to charge investors who want securitize their loans.

Is the premium Gone in Peer-to-Peer Lending? from deBanked – Yields are coming down in p2p lending, but I think it is still worth it, particularly inside an IRA.

Highest Rated CEOs – Small & Medium Companies from Glassdoor – The CEO of Lending Club comes in at #3 on Glassdoor’s list of highest rated CEOs of 2015.

CEO of Peer-to-Peer Loan Investor Eaglewood Is Said to Depart from Bloomberg Business – The CEO of Eaglewood Capital, Jon Barlow, a pioneer in marketplace lending has left the company he founded.

Investing on LendingClub just got easier from CNBC – Great article on LendingRobot about their automated trading service for Lending Club.

INSIGHT – Automated lenders threaten to eat banks’ lunch from Reuters – Kathryn Petralia from Kabbage says Facebook data is as effective as using credit score data in underwriting loans.

Peer-to-Peer Lending in China: Investment Environment from the LendIt Blog – Fascinating white paper on p2p lending in China by the Strontium Group.

Traditional lenders face competition from faster upstarts from Bankless Times – Biz2Credit has some great data on small business lenders from banks to the online lenders.

Queue Up for P2P Lending! from P2P-Banking – Claus from P2P-Banking gives his perspective on the oversupply of investor money in 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.

Borrower informed Payment Solutions specialist that payments will be mailed – Forum members discuss this loan status and their experience of what happens after.

P2P Websites in the U.S. for Retail Investors – Discussion on other peer to peer investment opportunities for retail investors besides Lending Club and Prosper. There aren’t many alternatives.

Just use A/B/C LC notes for Asset Alloc (Stocks and P2P vs Stocks and bonds) – The discussion continues on asset allocation.

  • 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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