Marketplace Lending News Roundup – April 2, 2016

News

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.

Marketplace lenders worry about addiction to Wall St’s lucre from Financial Times – Another reminder that retail money and more permanent capital is becoming important.

Should Investors Value Lending Club as a Tech Company or a Bank? CEO Renaud Laplanche Shrugs. from Re/code – Audio interview with the CEO of Lending Club covering valuation, regulation, the economy, China and more.

Regulator Moves to Create New Fintech Framework from The Wall Street Journal – The OCC (part of US Treasury) is the latest government agency focusing on fintech including online lending.

How your bank is reacting to competition from BBC – In the UK banks face many of the same challenges as in the US when dealing with p2p lending.

LendingClub: The Sentiment Is Too Negative from Seeking Alpha – There has been a lot of negative press lately around marketplace lending but the business model remains strong.

The Three Best Options for Banks to Enter Online Lending from Orchard – My guest post on Orchard about the best ways for banks to partner with marketplace lending platforms.

Your Neighborhood Bank Is About to Have Its ‘Uber Moment’ from Fortune – Former CEO of Barclays says employment at banks may decline by 50% over the next 10 years.

Prime Meridian Capital Management Launches New Real Estate Marketplace Lending Fund from Prime Meridian – Long time marketplace lending fund manager Prime Meridian has launched a new real estate fund.

PeerIQ Monthly Update: March 2016 from PeerIQ – Great piece from PeerIQ about the current securitization environment for marketplace lending.

Marketplace lending and banks: At the crossroads of convergence from the LendIt Blog – Will banks and marketplace lending platforms converge? An interesting perspective from Deloitte.

Australian Fund Led by Goldman and Bain Alums Buys Up US P2P Loans from Crowdfund Insider – The first Australian fund investing in loans on Lending Club and Prosper has launched.

Former Bank Regulator Joins Board Of Online Lender Avant from Buzzfeed – Sheila Bair, former head of the FDIC, has joined the board of Avant.

“Big three” to miss IFISA launch from AltFi – In the UK the FCA has authorized 8 p2p lending platforms to accept ISA money but none of the Big Three.

All is well in alternative finance from AltFi – On this first day of April AltFi reports that all is well in alternative finance.

CommonBond Launches Pre-School Student Loans from CommonBond – Finally, pre-schoolers now have options when it comes to funding their often expensive tuition and fees.

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.

Considering a “Direct Transfer” of a “Roth IRA” to Lending Club – Investors discuss rolling over funds to a Lending Club or Prosper IRA.

Thoughts on Crowdfunding Real Estate Lenders? – A forum member asks if anyone has experience with the various real estate crowdfunding companies.

What grade notes are you buying these days? – Investors discuss note buying strategies on Lending Club and Prosper.

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