Marketplace Lending News Roundup – February 27, 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.

Why Fintech Firms Aren’t So Different From Banks from The Wall Street Journal – It has been an ugly year so far for both banks and marketplace lending platforms as far as stock prices go.

Here is the FDIC Report that Reviews Marketplace Lending & Risk for Banks from Crowdfund Insider – A recent FDIC report includes a section on the risks of marketplace lending.

The online lending market might be telling us something troubling about the US economy from Business Insider – Recent news articles on marketplace lending might or might not indicate economic troubles ahead.

Peer-to-Peer Lending 5-Year Performance Update from Side Hustle Nation – This Prosper investor has been seeing solid returns for five years now.

Best of Both Worlds: The Composite Lending Business Model from AltFi – We call it a hybrid model but the balance sheet/marketplace model is also gaining steam in Europe.

Latvia’s Mintos Scores €2M Investment For P2P Loans Marketplace from TechCrunch – The Baltics are a hot bed of marketplace lending innovation. Latvia’s Mintos is the latest.

Alternative lenders and banks can work together to help consumers: An interview with Prosper from Money Summit – Interview with Ron Suber of Prosper on growth, bank partnerships, innovation and more.

Frontline Buzz From P2PFA Breakfast – IFISAs, Provision Funds and Lord Turner from AltFi – The members of the UK P2PFA answered questions from the media today over breakfast.

Lending Club Welcomes Maryland and North Dakota Investors! from Lending Club Blog – Only 5 states to go. Lending Club now open to Maryland and North Dakota investors.

Federal government establishes fintech advisory group from ZDNet – The Australian government taking a page from the UK playbook and starting a fintech advisory group.

Lending Club Performance – The Good And The Bad (Feb 2016) form MonJa – While the loan volume of Lending Club G-grade loans is tiny some useful insights from MonJa.

Tech-fueled online loans face stiff test in 2016 from CNBC – Interesting piece by Ari Levy on the potential challenges ahead this year for marketplace lending.

Delinquencies on peer-to-peer loans are rising from Quartz – More data that points to a slight increase in delinquencies for marketplace lending platforms.

Marketplace Lending’s Big Investors Grow Anxious from American Banker – Investor sentiment has changed this year and many marketplace lending platforms are being impacted.

Why a Future Credit Crunch May Be a Good Thing for Your Business from Inc. – If we do see a downturn there would well be a shakeout in marketplace lending says Jeremy Quittner.

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.

LC ANAR is nonsense, how should I value my portfolio – Lending Club investors talk returns, portfolio value and what notes are worth on the secondary market.

Prosper…..yikes! – Investors chime in on the recent news of Moody’s potentially downgrading bonds that contained Prosper loans.

How does Default status work? – This discussion on defaults evolves as investors discuss whether Lending Club should invest in their own loans.

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