Peer to Peer Lending News Roundup – November 24, 2012

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.

I hope everyone had an enjoyable Thanksgiving holiday. As you can see it was a pretty quiet news week.

The 10 Best Low Risk Investments for High Return from Good Financial Cents – By Certified Financial Planner Jeff Rose, peer to peer lending squeaks on to this list as #10.

The Fed’s near-zero interest rates punish savers from Covestor – According to the Fed there is $8 trillion in household savings, the vast majority of this money is earning close to 0%.

Peer to peer finance: the book from Funding Knight – Review of my book, The Lending Club Story, from the new UK peer to business lender.

Viewpoint: The end of high street banking as we know it from BBC Business – The more than 500-year-old banking business model is going to be turned on its head in the next five years.

P2P LENDING VS P2BINVESTING from P2B Investor – A comparison of the p2p lending model with their peer to business lending model.

From the Lend Academy Forum

The Lend Academy forum was as busy as ever this week. Here are some of the topics that were being discussed.

“Amount Funded By Investors” versus “Total Amount Funded” – These are two different fields on the Lending Club download file and  this discussion clarifies the differences between them.

Loss Mitigation Strategies – How Folio investors on Lending Club try to minimize losses on the secondary market.

Taxes on notes? – A Prosper investor wonders about paying taxes on their p2p lending investment.

  • 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.