Marketplace Lending News Roundup – June 20, 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.

Why fintech won’t kill banks from The Economist – I agree with the sentiment in this article from The Economist, that fintech won’t kill banks.

Prosper Loan Geographical Analysis from Orchard – A look at loan performance by state of Prosper by Orchard.

6 reasons why people should embrace peer-to-peer lending from Business ETC – In Ireland p2p lending is just getting going with LinkedFinance and GRID Finance the main players.

A Little Filing with Big Implications from Orchard – This is big news for marketplace lending. The first closed end fund is getting ready to launch.

China’s Beijing Kunlun backs UK peer-to-peer lender LendInvest from Financial Times – LendInvest has received £22M investment from a Chinese technology company.

U.S. Credit-Score Firm FICO Betting on China Surge in P2P Loans from Bloomberg Business – FICO is putting a stake in the ground in China selling decision software for the p2p lending industry.

Taxman opens up ISAs to P2P investment trusts from Citywire Money – In the UK there are three publicly traded p2p lending investment trusts. They will be allowed in ISAs from July 1.

China Online Lender Said Raising Funds at About $1 Billion Value from Bloomberg Business – Dianrong.com, one of the leading Chinese small business p2p lending platforms, is raising $150M at a $1B valuation.

Lending Club CEO Renaud Laplanche is making nice with big banks from Quartz – Interview with Lending Club CEO about their recent Citi deal, stress tests, growth and more.

Webinar: CFPB’s proposed “Ability-to-Repay” Rules in Short-term Lending: The compliance implications from Equifax – The CFPB outlined new rules for consumer lenders in March. Find out more about these rules in this Equifax webinar.

High Yield on Main Street: Investors Earn 12% Lending To Small Business, When Banks Won’t from Forbes – Great piece on Brendan Ross’s Direct Lending Investments and their small business fund.

Is It Too Late for Goldman’s Online Lending Move? [Video] from Bloomberg Business – Matt Burton of Orchard talks about the Goldman Sachs announcement and why he thinks they are late to the game.

The Volume Winners and Losers of 2015 thus far… from AltFi Data – We are nearly half way through the year and Sam from AltFi looks at the UK p2p lending loan volume so far.

Lord of the Wind: Renaud Laplanche Sails Full Speed Ahead for Another Record from Forbes – Interesting interview with the CEO of Lending Club and his passion for sailing.

SoFi on track for billion-dollar quarter from Bankless Times – SoFi expects to complete $1 Billion in securitization volume in Q3, 2015.

Regulation A+: What Do Industry Leaders Think About The New Investment Crowdfunding Exemption from Crowdfund Insider – Title IV of the JOBS Act finally became a reality this week – here are some reactions to it.

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.

Rising interest rates and their effect on p2p lenders – Forum members continue the discussion on what happens when interest rates eventually rise.

Morality question – medical expenses – A new forum member asks about funding loans for medical expenses.

Any way to ‘test’ filter – A new investor asks about backtesting lending strategies.

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