Marketplace Lending News Roundup – June 4, 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.

Will Citi Buy Lending Club Loans? What Does this Mean for the Marketplace Lending Industry? from Crowdfund Insider – It would be great for Lending Club if Citi comes through with a big loan buying commitment.

Forget Lending Club, there’s a buying opportunity in the likes of P2P GI and VPC investment trusts, says Cantor’s Tepes from AltFi – In the UK the Lending Club turmoil might have created a buying opportunity for fund investors.

Difficult Questions Lending Club Left Behind from PYMNTS.com – Yes marketplace lending has brought positive change to lending but can we really expand the credit spectrum?

FINTECH: This Stanford MBA Founded A Billion-Dollar Peer-To-Peer Lender — And It’s Disrupting Banks from BusinessBecause – Good piece on Sam Hodges the co-founder of Funding Circle and the state of marketplace lending today.

International P2P Lending Services – Loan Volumes May 2016 from P2P-Banking – The European p2p lending volumes for May are out with Funding Circle leading the way again.

Funding Circle co-founder takes a step back from Financial News – One of the co-founders of Funding Circle, Andrew Mullinger, is stepping down.

In defense of online lending from TechCrunch – Great points made by Ryan Weeks in TechCrunch showing why online lending is here to stay.

Payday-Lending Curbs: Thumbs Down From Banks, Thumbs Up From Fintech from The Wall Street Journal – The payday loan market is getting a makeover courtesy of new rules from the CFPB.

UK Treasury Committee Expresses Concern on Risk of Peer to Peer Lending from Crowdfund Insider – The UK Treasury is wondering if more regulation is needed there for p2p lending.

Should P2P Lenders Be Concerned About Rising Rates? from Forbes – Nav Athwal, the CEO of RealtyShares, explains why rising interest rates will have little impact on p2p lending.

Biz2Credit to Revolutionize the $300 Billion Indian Funding Market through Online Financing from Business Wire India – Small business lender Biz2Credit is expanding to India (press release).

Why Britain is Beating the United States at Financial Innovation from AltFi – In the US we are governed by investment laws created in the 1930s, in the UK in 2000. Enough said.

New York state launches inquiry of online lenders from Reuters – It has been a slow news week but the NY Department of Financial Services changed that for us on Friday afternoon.

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.

Looking for loan: 79081728 – According to some borrowers they are being told by Lending Club that loan funding may take 14-30 days.

LendingClub’s Moat – The forum discusses competitive advantages of several online lenders.

P2P Based Funds – Investors discuss the private funds that are investing in p2p lending.

Liquidation strategy on folio – One investor asks for advice on liquidating their portfolio.

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