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Roundup of Social Lending News – October 8, 2011

by Peter Renton on October 8, 2011

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

No major news stories this week but some excellent coverage for the p2p lending industry nonetheless. Renaud Laplanche, CEO of Lending Club, was interviewed on Fox Business on Friday, giving broad exposure to his company and the industry. Then there was the local newspaper in Spokane, the Spokesman-Review running a story about p2p lending on the front page of their print newspaper. It all helps spread the word for potential investors and borrowers. Enjoy your weekend.

Fox Business (video) – A Loan That Works for Borrowers and Investors

Peerform – 9 Tips For Micro-Entrepreneurs & Small Business Owners Looking for a P2P Loan

Mindful Money (UK) – Peer to Peer finance takes on the banks

Smart Peer Lending – LOAN RECOMMENDATION ENGINE PART #2

P2P Lending News – My Lending Club Investments – October 2011 Update

Nickel Steamroller – Advanced P2P Lending Charts

The Spokesman-Review – The lender next door: Peer-to-peer loans gaining popularity

{ 2 comments… read them below or add one }

Roy S October 8, 2011 at 6:33 am

Peter, I think you left off Prosper changing their borrower rates again.

From Prosper’s site:

“Lowered Loss Rates Deliver Higher Returns for Investors

Due to lower than expected loss rates, Prosper Ratings have improved for many borrower groups – especially for repeat borrowers. Pricing changes have been made to better reflect strong borrower credit quality. You can see the new rates here, and be sure to check out our latest blog post for more information about these changes and how Prosper investors can benefit from them. ”

Blog post on Prosper: http://blog.prosper.com/2011/10/07/strong-performance-delivers-higher-investor-returns-attractive-borrower-rates/

Reply

Peter Renton October 8, 2011 at 6:42 am

@Roy, Thanks for that. Yes, I just noticed that this morning. I do my roundup at the end of the day on Friday and when I set this to post to publish the Prosper post wasn’t live yet. Thanks for adding it here.

Reply

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