During the week I share the latest marketplace 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.
How OCC Will Assess Fintech Firms for Charter from American Banker – Interesting Q&A with the general counsel of the OCC on the potential new fintech charter.
Weekly Industry Update: October 16, 2016 from PeerIQ – As always the PeerIQ newsletter is a great summary of the past week.
Chinese Peer-to-Peer Lender Ppdai.com Plans U.S. IPO from The Wall Street Journal – Another Chinese p2p lending platform is looking to do an IPO in the US.
SoFi going global, targets Asia and Europe from AltFi News – Looks like SoFi is eyeing expansion beyond the USA with Asia and Europe in its sights.
Hanwha Life Insurance acquires 4.1% stake in U.S. Lending Club from Pulse – A South Korean life insurance company has been buying shares in Lending Club since June, now owns 4.1%.
Prosper Performance Update: September 2016 from Prosper – The monthly performance update from Prosper shows average estimated returns still above 7%.
Tighter credit market provides opportunity for P2P from Peer2Peer Finance News – Across the EU banks are looking to tighten business lending. Good news for p2p lending platforms there. [Read more…]