Peer to Peer Lending News Roundup – January 25, 2014

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.

Wells Fargo bans staff from investing in P2P loans from CNBC – The biggest story of the week that was broken by the Financial Times about Wells Fargo banning their staff from investing in Lending Club or Prosper.

Prosper Listing Statuses from Orchard – Analysis of listing status and partially funded loans at Prosper.

How to Invest in P2P Loans Like a Millionaire: Interview with Brendan Ross from Investor Junkie – What large investors do differently when it comes to p2p lending.

Using FOLIOfn to Maximize P2P Lending Returns from Peer & Social Lending – The first in a four part series by regular Lend Academy forum contributor New Jersey Guy about investing with FOLIOfn.

146: the Magic Number for Lending Club Investments from Lending Robot – Analysis of how many different loans are needed for optimal diversification.

Wells Fargo move acknowledges Lending Club as competitor from SFGate – More coverage of the Wells Fargo ban with quotes from senior Lending Club and Prosper executives.

After Breakout Year, Peer-To-Peer Lending Still Evolving from FINalternatives (free registration required) – Excellent article featuring interviews with many top p2p lending executives.

Another Sign Your Next Small Business Loan Won’t Come From a Bank from Bloomberg Businessweek – Companies like OnDeck Capital loaned a total of $3 billion to small businesses in 2013.

Lending Club named #5 on Forbes’ Most Promising Companies List from Lending Club (with video) – Third year in a row that Lending Club has been included in the Forbes list.

The Complete Guide to Diversification in Peer to Peer Lending from LendingMemo – Detailed article with charts about the importance of diversifying your p2p lending investments.

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.

Do some 100% funded notes fail to complete? – Many loans are canceled despite being 100% funded by investors.

Bankrupt notes no longer selling on Folio – You can no longer list Lending Club notes for sale on Folio where the borrower is in bankruptcy.

When 59% is >70% – A discussion of the maximum markup allowed for selling notes on Folio.

  • 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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