Peer to Peer Lending News Roundup – August 24, 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.

Slow news week this week with just five articles that hit my radar as worth sharing.

Vintage Analysis – How Loans Perform With Age from Orchard – Some great charts here showing a comparison in charge-offs over different years at Lending Club.

Taxman in talks to include peer-to-peer lending in Isas from The Telegraph (UK) – We are lucky in the US because we can include all kinds of investments including p2p lending inside retirement accounts. This is now being considered in the UK.

SoMoLend investigation ‘smells’ of retaliation, attorney says from Columbus Business First – Candace Klein’s attorney goes to bat for her over the Ohio Division of Securities allegations.

Few Available Loans on Lending Club or Prosper? 5 Ways to Find More from LendingMemo – We all know that Prosper and particularly Lending Club is becoming more competitive for investors.

“Maybe I’ll make my next startup a bank” – 5 top trends from the future of banking from Venture Village – Peer to peer lending is one of the top five trends for the future of banking according to this author.

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.

Fairer Solutions to Excess Investor Demand – A serious call for ideas about what can be done to help investors with the huge investor demand at Lending Club. Some great ideas here.

Lending Club Sells Out of Loans – The points in the above thread became even more urgent with Lending Club completely running out of loans on Friday night.

What exactly is API? – An explanation of the Application Programming Interface and how it applies to p2p lending.

  • 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.