Peer to Peer Lending News Roundup – June 21, 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.

Mad Rush at Loan Release Time: Part II – Loan Performance with Time to Fund from PeerCube – Fascinating analysis of loan performance vs time to fund at Lending Club.

GAIM Monaco: P2P lending offers fund managers enormous opportunities from COOConnect – Interesting that p2p lending was front and center at the world’s largest hedge fund conference.

Lend Academy’s Peter Renton on How Any Investor Can Diversify with Peer-to-Peer Lending from Equities.com – The second part of my recent interview with Joel Anderson of Equities.com.

Disruptors in 2014: Lending Club from CNBC – Lending Club is at #33 on the CNBC Disruptors 50 list.

Santander in peer-to-peer pact as alternative finance makes gains from Financial Times (UK) – This is very big news for Funding Circle: a major UK bank will begin referring borrowers directly to them.

Cash Drag and Marketplace Lending from Orchard – We all want our money working hard for us but when cash is not invested in loans at Lending Club and Prosper it is earning 0%.

P2PFA announces new standard for calculating default rates from Financialreporter (UK) – The UK p2p lending trade association has just created a standard for its members for calculating default rates.

Opportunities in the Alternative Asset Marketplace for Advisors: Peer-to-Peer Lending from WealthManagement.com – Reggie Karas of Millennium Trust Company explains how p2p lending can work for financial advisors.

How to Liquidate and Close a Lending Club or Prosper Account from LendingMemo – Step by step account with screenshots of how to liquidate a p2p lending account.

Lending Club Data Changes Cause 3rd Party Tool Headaches from Peer & Social Lending – A recent change at Lending Club that was invisible to most investors has caused some challenges for some of the third party tools.

Beyond the Bank: A New Peer-to-Peer Financing Model Connects Investors to Projects from Green Tech Solar – A new platform launches for solar panel funding.

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.

Loan Information Asymmetrical Timing – The most discussed post for some time at Lend Academy: Lending Club made a major change to how they release new loans to investors.

Drawing down a LC IRA in retirement – There are many retirees using p2p lending as a source of income, this thread discusses how to setup automated investing so you can take money out.

A new name for ‘Peer to Peer Lending’? – Take the poll of what you think the name for this industry should be.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media 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.