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.
How I Make Money with Lending Club (My Investing Strategy) from My 4-Hour Workweek – Detailed strategy and background information from this blogger and Lending Club investor.
P2P lenders offer opportunities to hedge funds and investors, says industry veteran Suber from COOConnect – Prosper’s new Head of Global Institutional Sales, Ron Suber, explains why he thinks p2p lending should be included in the portfolio of all serious investors.
Lending Club’s plans to replace the U.S. banking system from Vator News – Some lofty goals from Lending Club’s CEO.
Understanding Peer-to-Peer Lending for Small Business from Intuit Small Business Blog – Decent introductory article on both the lender and borrower sides targeted at small business owners.
Is Lending Club going through growing pains? from LearnBonds – The author asks why the rate of loan issuance at Lending Club is down and wonders why they don’t verify all loans before posting them on the platform.
Prosper Review: The Complete Exam of Little Blue from LendingMemo – Detailed review of the number two p2p lender.
P2P lending — risk / reward analysis from Samuel Hu – Interesting, but somewhat flawed, comparison of p2p lending with asset backed securities.
Former FDIC counsel urges oversight for emerging P2P lenders from Bankless Times – I am including this article only to show how far we have to go as an industry to educate so called financial experts about p2p lending.
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.
Effect of Payment Plan on Credit Score? – When someone goes on to a payment plan at Lending Club does this affect their credit score?
Do you read each listing? - Lively discussion about the benefits of reading a loan listing versus investing blindly based just on filters.
CORRECTED 1099-OID and 1099-B now available from Lending Club – The new 1099′s from Lending Club came out this week and some investors dig into the details.