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 lending to strangers smart investing? from St. Louis Post-Dispatch – Good intro piece on p2p lending from a regional newspaper.
Peer-to-peer lending platforms look to rival traditional banks from Financial Times (registration required) – Even though FT is a UK newspaper this article is from their US-based journalist. Several interesting tidbits including the announcement that Morgan Stanley is looking to start a fund to invest in Lending Club notes.
The Basics – Part 3: Filtering Loans from LendingMemo – Good introduction to filtering Lending Club loans with NickelSteamroller.
U-Haul offers direct path for small investors from Phoenix Business Journal – This article on U-Haul Investors Club is a month old but just became available to everyone.
Foliofn Note Trading Platform for Lending Club Investing Review from Dumb Passive Income – Review of the Lending Club trading platform from an investor in a Folio-only state.
Apple Patent Reveals Peer-To-Peer Mobile Banking Idea, Using iTunes As Bank from Fast Company – Interesting idea that Apple may have up their sleeve: p2p lending through your iTunes account.
Lending Club Loan Volume and Borrower’s Revolving Credit Line Utilization from Random Thoughts – The average Lending Club borrower’s revolving credit utilization changed significantly in 2012.
Bob’s Daily Buzzword: `Peer to Peer Lending’ from Bloomberg TV (Video) – From the alternative investments editor at Bloomberg a short primer on why p2p lending is enjoying success.
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.
With the release of the 1099s from Prosper and Lending Club this week a lot of the talk on the forum was about taxes:
There was also some bad news for Prosper investors in Washington this week as they are no longer allowed to invest: