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Peer to Peer Lending News Roundup – June 29, 2013

by Peter Renton on June 29, 2013

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 Club still self-funding loans? from PeerCube – Interesting analysis about the trends in loans funded by Lending Club themselves, it still does happen occasionally.

Peer to peer lending could offer substantial returns and provide lifeline to SMEs from Irish Times – Peer to business lender, LinkedFinance, is just getting going in Ireland.

Peer-to-Peer Loans Catch on for Credit Card Debt Consolidation from Fox Business – Primer on Lending Club and Prosper from both the investor and borrower sides.

Lending Club to Attempt New Transpacific Sailing Record (press release) – It is not all work and no play for the Lending Club CEO. Renaud Laplanche will be sailing from LA to Honolulu in July. Check out the photo of the boat here.

P2P lending pulls in big investors – should you bite? from Reuters – Interest nugget at the end of this article: Lending Club is prepping its own publicly available closed end fund for launch in about 18 months.

Peer lending beats equity returns from FT.com (free registration required) – Better to lend to businesses than to buy equity according to the study quoted in this article about the UK market.

Retire Well with a Lending Club or Prosper IRA from LendingMemo – Investing in Lending Club or Prosper through an IRA is the best way to go and this articles explains why.

Funding Circle raise minimum lending rates from P2P Money UK -Funding Circle have moved to a sliding scale of minimum interest rates instead of a 4% flat minimum.

New Acquisition at the Bank of Paula: Starting a Prosper Account from MicroFinancier – This Lending Club investor has decided to diversify her investments and open a Prosper account.

LendIt 2013 – The First Ever Online Lending Conference from Funding Community – Write up of last week’s conference from Funding Community, the peer to business lender.

P2P Lending: How are interest rates set? from Wiseclerk – An interesting comparison of the various ways interest rates are set on p2p lending platforms around the world.

Finance 2.0: Anyone is a bank or an angel investor from Crain’s New York – The democratization of small business lending is coming.

The Startup Sector That’s Quietly Booming from Tomasz Tunguz – The seven major categories of innovation in financial services from a Bay area venture capitalist.

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.

Changes to Interest Rate and Expected Return – A look at the recent changes to interest rates and expected default rates at Lending Club.

Selling Issued Notes – How to price newly issued notes on Folio to find interested buyers.

Does adding a note to your order reserve the note? – In today’s competitive investor environment at Lending Club what happens when you have reserved your note but have not yet confirmed your order?

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