During the week I share the latest marketplace lending and fintech 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.
China’s P2P lenders brace for renewed regulatory crackdown from Financial Times – In China a new round of regulations are coming in June that will cause yet more disruption in the p2p lending industry there.
How Credit Karma is using data to become a central finance hub from Tearsheet – Last month Credit Karma acquired personal finance startup Penny to roll out a chatbot for its 80 million customers.
US GDP revised upwards, Citi’s Digital Bank takes on Marcus, PeerIQ’s Credit Facility Management Suite from PeerIQ – This week the PeerIQ newsletter introduces their new credit facility management suite, the growth of digital banking and more.
Funding Circle Expands U.S. Operations with New Office in Denver from PR Newswire – As a Denver resident I was pleased to hear today that Funding Circle has chosen Denver as their second major office in the US. Good move.
International P2P Lending Volumes March 2018 from P2P-Banking – The European p2p lending loan volumes are out and Funding Circle continues to dominate the market there as by far the largest P2P lender.
LendingClub settles with Mass. banking regulator for $2M from American Banker – On the legal front LendingClub continues to work through their legacy issues settling with the MA bank regulator.
Why It’s No Surprise That Online Lender GreenSky Would Weigh An IPO from Forbes – More on the possible GreenSky IPO from the only publication to have done an in depth feature on the company. [Read more…]