During the week I share the latest marketplace 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.
Scandal costs Sofi chance to become a bank, says ex-SEC head from Financial Times – Former SEC Chairman and SoFi advisor Arthur Levitt says the scandal has made a banking license very unlikely now.
Weekly Industry Update: SoFi CEO Resigns; Goldman & Mosaic Ink Deal; SoFi & Lending Club Deal Analysis from PeerIQ – PeerIQ looks at the most recent SoFi consumer loan securitization comparing it to their previous deals.
The Next Crisis Will Start in Silicon Valley from Bloomberg – I don’t agree that “the fintech revolution has created an environment ripe for instability and disruption”.
Goldman expects to hold $28bn of online loans on balance sheet by 2020 from AltFi – No one should have any doubt that Goldman Sachs is going to be a very big player in online lending.
Don’t let court squander online lenders’ chance to reach underserved from American Banker – Great op-ed in American Banker by Nathaniel Hoopes on why the Madden decision needs a legislative fix.
Roll Rate Analysis: Estimating the Value of a Pool of Loans from Orchard – More great statistical analysis from Orchard, this one on roll rates.
Younited Credit raises $47.8 million for its crowdlending platform from TechCrunch – The leading marketplace lending platform in France, Younited Credit, just raised €40 million in equity. [Read more…]