Peer to Peer Lending News Roundup – May 24, 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.

Lender Yield: Prosper from Orchard – Excellent analysis of lender yields at Prosper and how they have stabilized.

Wonga move into peer-to-peer lending from P2P Money Blog (UK) – The leading online payday lender in the UK has launched a new p2p lending platform.

Peer-to-peer lending: The wisdom of crowds from Financial Times (free registration required) – In depth analysis of the current state of p2p lending in the UK and the US.

Lending Club Helps Create a Marketplace for Credit from Bloomberg TV (video) – Short interview with Renaud Laplanche, CEO of Lending Club.

How Peer-to-Peer Lending Is Reshaping the Finance Industry from TABB Forum – Wide ranging article covering regulation, technology and the trends in financial services.

The State of Retail Investing in Peer to Peer Lending from LendingMemo – Great article by Simon Cunningham about the resurgence of the retail investor at Lending Club and Prosper.

Interview with Martijn van Schelven, Founder and CEO of Geldvoorelkaar from Wiseclerk – Wide ranging interview with the CEO of the leading Dutch p2p lending platform.

The World’s Bank: How Crowdfunding is Disrupting Old Banking from LinkedIn – Reid Hoffman, the co-founder of LinkedIn, and Julie Hanna, chairperson of Kiva, share how banking and lending are changing dramatically.

Taking the bank out of banking from San Francisco Business Times – Comments from both Renaud Laplanche and Scott Sanborn of Lending Club, after winning a tech and innovation award.

Wall Street Finds New Subprime With 125% Business Loans from Bloomberg – There are some high interest options for small business owners today that are being powered by the biggest names on Wall Street.

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.

Inflation / Will LC raise Rates? – This topic comes up for discussion regularly in p2p lending circles: what will happen when inflation moves higher?

Wave of grace notes – Some Lending Club investors are seeing more loans go late or default in recent days.

Is LC & Prosper interest considered Passive Income by the IRS? – There is no way around it (except investing through an IRA) – interest earned at LC & Prosper is taxable.

  • 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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