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Peer to Peer Lending News Roundup – October 26, 2013

by Peter Renton on October 26, 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.

Small Business Lending: Banks and Credit Unions Are Getting Left Behind from Forbes – Small business lending is going through some dramatic changes right now but few of these changes are coming from traditional lenders.

Roll Rates for Lending Club from Orchard - According to this study by Orchard around 83% of 30-day late notes at Lending Club become charged off.

Funding small business through peer-to-peer lending from Fox Business (video) – Interview with Renaud Laplanche, CEO of Lending Club, touching on regulation and small business lending.

The Evolution Of P2P Loans Into Consumer Loans from LearnBonds – Some interesting new stats from Lending Club on their investor breakdown as well as the perspectives of two financial advisors.

Zopa hits £400m lending milestone from Finextra – The world’s first p2p lender continues to grow rapidly.

Announcing: Funding Circle USA from Endurance Lending Network – The official word on the merger of Funding Circle with Endurance Lending Network.

Funding Circle, British Peer-to-Peer Lender, Expands to U.S. from The New York Times – Further coverage of the above deal.

Martin Lewis: What I earned from peer-to-peer savings from The Telegraph (UK) – Good breakdown of the UK market from the perspective of an investor.

Peer-to-peer lending to be regulated from April 2014 from Wired UK – The UK’s equivalent of the SEC, the Financial Conduct Authority, gave details of its plan to regulate p2p lending.

Is peer-to-peer lending online the future? from CNN Money (video) – Another short interview with Laplanche providing some insight as to why banks are not entering the space.

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.

Sweet new Folio sales page – Lending Club is updating some of the features on Folio drawing a lot of discussion.

Grace-Period notes seem harder to sell – Seems that there are fewer buyers for late notes on Lending Club’s trading platform.

A concise way to explain the tax treatment of LC? - P2P lending is not very tax efficient, this thread explains why. One of the reasons why I am focused on investing through an IRA.

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