Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.
The flood of p2p lending coverage out of the UK continued this week with a senior Bank of England (the UK equivalent of the Federal Reserve) official jumping into the fray in support of p2p lending – see the Telegraph article below. Many newspapers and blogs picked up on this story and not everyone agreed with the positive assessment. For a counterpoint you should read the BBC News article.
Plenty of other great articles this week and one that was most interesting to me was the Fox Business article on the personal loan market. The size of this market, which excludes credit cards, is just over $25 billion a month. Which means Lending Club and Prosper combined have about a 0.2% share of the market. Have a good weekend.
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.