Marketplace Lending News Roundup – August 8, 2015

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.

Government Should Think Before Imposing Heavy Regulation On Fintech from TechCrunch – The CEO of Biz2Credit, Rohit Arora, chimes in on the request for information from Treasury.

Invoice Factoring: A Primer from Orchard – A detailed explanation of how the invoice factoring process works.

International P2P Lending – Loan Volumes July 2015 from P2P-Banking – The European July loan volumes are out, Zopa leads the way again.

Why Shares of OnDeck Dropped More than 20% from The Motley Fool – The joys of being a public company. OnDeck down 22% the day after reporting earnings this week.

Bush Earned Over $9 Million From Business, Speaking Gigs from ABC – Presidential candidate Jeb Bush has reported substantial assets in Lending Club loans.

Facebook has a new patent that will let lenders look at your social network to determine your credit risk from Tech Insider – How interesting. Facebook has been granted a patent for determining credit worthiness.

Investors Like Lending Club’s Growth from The Wall Street Journal – Lending Club had a nice bounce after reporting earnings earlier this week.

New Prosper Marketplace Survey Examines Credit Card Debt in America from the Prosper Blog – Interesting read. Prosper has a new survey out about credit card debt.

The UK is beating the US in the peer-to-peer alternative lending market — here’s why from Business Insider – In many ways the UK leads the US in marketplace lending even though it is a smaller market.

Marketplace Lenders Band Together on Small Business Borrowers Bill of Rights from Crowdfund Insider – Coverage of this week’s event on the small business borrowers Bill of Rights in Washington DC.

CEO: Lending Club a technology company from CNBC (video) – Is Lending Club a tech company or is it like a bank?

How does peer-to-peer lending fit into a trade delegation to South East Asia? from AltFi – Rhydian Lewis, the CEO of Ratesetter, joined the UK prime minister recently on a trade delegation to South-East Asia.

Does it Matter Who Does the Lending on Peer-to-Peer Lending Platforms? from Crowdfund Insider – The CEO of Zopa, Giles Andrews, pens this guest post about the source of investment money.

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.

Funds or DIY – Investing directly through loans on a platform or through a fund will continue to be an interesting topic over the next year as funds are launched. Investors discuss the pros and cons in this thread.

FolioFn and taxes – Forum members discuss taxes when investing on FolioFN.

Nurses – Investors discuss if employment title should be considered when investing in loans.

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