Marketplace Lending News Roundup – July 16, 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.

LendingClub’s Newest Problem: Its Borrowers from The Wall Street Journal – We started off the week with more bad news from the Wall Street Journal although there is nothing really new here.

Spain: CNMV authorizes MytripleA & Lendix as crowdlending platforms from P2P-Banking – Two new lending platforms have been authorized in Spain according to P2P-Banking.

Health care costs forcing China’s patients into crippling debt from South China Morning Post – In China taking out loans to cover health care costs is becoming more common.

Harmoney’s P2P loan insurance a Kiwi world first from bizEdge – In New Zealand leading p2p lending platform Harmoney is offering payment insurance for borrowers.

A marketplace lender platform built as an insurance company from Lending Times – Profile on ReliaMax a different kind of lender focused on student loans.

Legislation Proposed to Counteract Court Ruling on State Usury Caps from The Wall Street Journal – Congressman McHenry proposes a bill that would nullify the Madden v Midland decision.

Congress Questions Online Lenders as It Weighs Reforms from American Banker – Breakdown of the hearing on non-bank lenders in congress this week.

P2P body chief denies FCA delays damaged industry from Financial Times – In the UK the P2PFA’s Christine Farnish talks about the FCA’s review of p2p lending regulation and more.

LendIt China 2016 Kicks Off in Hong Kong from LendIt – I am in China and Hong Kong this week along with many of the LendIt team. Here is a quick review of our first 24 hours.

Personal loans are cheap, but can I get one? from Bankrate – Thanks to marketplace lending there are many great options today for people seeking personal loans.

Should investors look at investing in P2P lending? from CNBC – On the LendIt China tour Ron Suber, President of Prosper, stopped by CNBC’s Hong Kong studio to talk marketplace lending.

A Recap: Credit Strength on the Lending Club Platform from Lending Club – From the Lending Club blog on their consistent and stable credit performance.

Jefferies, LendingClub Said to Eye Revival of Scuttled Bond Sale from Bloomberg – The Jefferies securitization of Lending Club loans may be back on.

Indian Online Lender Creditexchange Raises $500,000 Seed Round with Participation from Kuber Financial from Crowdfund Insider – India is one of the hottest online lending markets on earth right now.

Moody’s Removes Warning From Citigroup’s Prosper-Linked Bonds from Bloomberg – Some good news for Prosper as we round out the week.

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 article in today’s WSJ – The forum discusses a recent negative article in the Wall Street Journal.

Sounds of Silence – The forum discusses recent trends on the secondary market.

Cashing Out – A discussion on liquidating an investment in Lending Club turns to the recent news of Renaud Laplanche selling shares.

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