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Peer to Peer Lending News Roundup – September 20, 2014

by Peter Renton on September 20, 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.

Lenders Turning to High-Interest Personal Loans from The Wall Street Journal (paid registration required) – Probably the most interesting article on p2p I have read all year featuring personal loan numbers from the banks. I intend to use some of this data to publish an article in the next week or two on Lend Academy.

Upcoming LendingClub IPO Scores High at Triton Research from StreetInsider – This research firm is very bullish on the Lending Club IPO.

P2P lender Lendico arrives in the Netherlands from Finextra – Lendico is quietly becoming a major player in Europe in p2p lending.

Bondora Sees Huge Opportunity in European Peer to Peer Lending from Crowdfund Insider – An in depth Q&A with the founder of another major player in Europe: Bondora.

Lending Club: A true disrupter coming to an old-style bourse near you from TradingFloor.com – More commentary on the impact of the Lending Club IPO.

Investing with BTCJam – Peer to Peer Bitcoin Lending from Peer & Social Lending – P2P lending with Bitcoin is available through BTCJam, Ryan provides a firsthand review.

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Today, Lending Club has added some long awaited features for investors who use the Lending Club trading platform to buy and sell notes. Until today many people who traded notes on Foliofn had no idea what their actual returns were – these were often mispriced by Lending Club’s NAR calculation. No more. If you have never bought or sold notes through Foliofn then these changes do not affect you.

Below is an explanation of these changes using my own main Lending Club (taxable) account as an example.

Primary Notes Return

Lending Club Primary Notes Return

This 10.85% number above represents the NAR return on all the notes that I have bought on the primary platform and not sold. These are now called Primary Notes. Any notes that were either bought or sold on Folio are excluded from this number.

When you click on the Understanding Your Returns link (underneath the NAR number) here you will go into the same screen as before with the dot-chart that plots similar investor returns.

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New Zealand P2P Platform Harmoney Launches With NZ$100 Million in Lending Capital

September 16, 2014

I hear from a lot of platforms both in the US and around the world in various stages of launch. Never before have I heard of a new platform launch with such a large cash war chest. Harmoney has received NZ$100 million (around US$80 million) in lending commitments – for a p2p platform to raise [...]

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Peer to Peer Lending News Roundup – September 13, 2014

September 13, 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. The Economic Health of a Borrower’s City Affects Loan Performance from Orchard – A guest post by a family [...]

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LAP23: Dave Girouard CEO and Co-Founder of Upstart

September 11, 2014

For many years the p2p lending industry in this country has been dominated by two platforms: Lending Club and Prosper. Dave Girouard, the CEO and Co-Founder of Upstart and guest on this edition of the podcast, wants to change that. Upstart began with a unique lending idea called Income Sharing Agreements but earlier this year they [...]

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The Lend Academy Speaking Calendar in the Next Month

September 10, 2014

This is a very busy fall for p2p lending conferences. And starting next week with the Apex Lending Exchange Lend Academy will be speaking at several conferences in the coming month. Here is a brief description of these conferences and the sessions where we will be presenting. Apex Lending Exchange: Sep 16-17 (New York City) [...]

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Lending Club Had Their First Down Month Since Feb 2011, Should Investors Care?

September 8, 2014

Until April Lending Club updated their loan statistics every day. But in preparation for their upcoming IPO they moved to a quarterly update cycle instead of daily. So now, we have to wait several weeks after the end of the quarter before we can see the full loan data for loans Lending Club issued in [...]

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Peer to Peer Lending News Roundup – September 6, 2014

September 6, 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. IS AMAZON QUIETLY GETTING INTO THE LENDING BUSINESS? from PYMNTS.com – Amazon has hired a former Visa and Prosper [...]

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Prosper Records More Strong Growth in August

September 4, 2014

When you look at the graph above you can see the kind of year that Prosper is having. Apart from a hiccup in February, they have been firing all cylinders this year with some of the most impressive growth we have seen, at least in this country. The numbers for August are in and Prosper [...]

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Peer to Peer Lending News Roundup – August 30, 2014

August 30, 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. The big news story of the week was the Lending Club IPO. It was covered by every major business news [...]

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