Peer to Peer Lending News Roundup – February 23, 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.

How I Make Money with Lending Club (My Investing Strategy) from My 4-Hour Workweek – Detailed strategy and background information from this blogger and Lending Club investor.

P2P lenders offer opportunities to hedge funds and investors, says industry veteran Suber from COOConnect – Prosper’s new Head of Global Institutional Sales, Ron Suber, explains why he thinks p2p lending should be included in the portfolio of all serious investors.

Lending Club’s plans to replace the U.S. banking system from Vator News – Some lofty goals from Lending Club’s CEO.

Understanding Peer-to-Peer Lending for Small Business from Intuit Small Business Blog – Decent introductory article on both the lender and borrower sides targeted at small business owners.

Is Lending Club going through growing pains? from LearnBonds – The author asks why the rate of loan issuance at Lending Club is down and wonders why they don’t verify all loans before posting them on the platform.

Prosper Review: The Complete Exam of Little Blue from LendingMemo – Detailed review of the number two p2p lender.

P2P lending — risk / reward analysis from Samuel Hu – Interesting, but somewhat flawed, comparison of p2p lending with asset backed securities.

Former FDIC counsel urges oversight for emerging P2P lenders from Bankless Times – I am including this article only to show how far we have to go as an industry to educate so called financial experts about 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.

Effect of Payment Plan on Credit Score? – When someone goes on to a payment plan at Lending Club does this affect their credit score?

Do you read each listing? – Lively discussion about the benefits of reading a loan listing versus investing blindly based just on filters.

CORRECTED 1099-OID and 1099-B now available from Lending Club – The new 1099’s from Lending Club came out this week and some investors dig into the details.

  • 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.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]