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Marketplace Lending News Roundup – May 6

May 6, 2017 By Peter Renton Leave a Comment

Views: 2

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.

Online lending has reached a tipping point from Business Insider – A brief history of online lending and what is needed for the future.

Weekly Industry Update: Avant’s First 2017 ABS Deal from PeerIQ – The latest PeerIQ newsletters analyzes the latest securitization deal from Avant.

Goldman Sachs Embraces Banking’s Bland Side: Lending Money from The Wall Street Journal – Fascinating piece giving the background as to why Goldman Sachs decided to move into lending.

PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero from TechCrunch – Paypal Working Capital has crossed $3B in SME lending since launching in 2013.

The future of banking from Larry Summers – Former Treasury Secretary and current Lending Club board member Larry Summers discusses the impact of fintech on banking.

Q&A: CreditEase CEO Ning Tang on China’s Marketplace Lending Industry, Robo-Advisors, Credit Scoring, & More from CB Insights – Great interview with Ning Tang, the CEO of CreditEase, one of China’s fintech leaders.

International P2P Lending Volumes April 2017 from P2P-Banking – The monthly European marketplace lending loan volumes are out with Funding Circle still number 1 (just).

Changes at helm of U.S. bank agency signal new Trump era from Reuters – This week marked the end of OCC chief Thomas Curry’s tenure. A deputy is taking over until a new Comptroller is confirmed.

Fintech Sandbox? States, OCC Mull Regulatory Options from deBanked – Not all state regulators are against new regulations supporting fintech. In New England they have a novel idea.

Exploring the Future of Finance from LinkedIn – At the Milken Global Conference this week Mike Cagney of SoFi gave this Q&A about technology and the future of their business.

Federal Reserve wants a say on U.S. fintech rules -Brainard from Reuters – Now it’s the Federal Reserve’s turn. Seems like they want a say in determining new fintech regulations.

Quarterly Investor Update from Our CIO from Lending Club – The Lending Club CIO gives his quarterly update on platform performance.

How Lending Club Is Differentiating Itself From Other Online Lenders from Forbes – An interview with Lending Club CEO Scott Sanborn on what makes them different.

Financial technology is proving less of a battleground than feared from The Economist – The Economist looks at the fintech environment in the US and China and how banks are responding.

LendIt Europe Schedules Dates for European Event from Crowdfund Insider – I was in London this week where we launched the 4th annual LendIt Europe conference.

CreditEase Fintech Investment Fund Joins $38M Round In US Start-Up Nav from China Money Network – Small business credit marketplace Nav announced a huge funding round this week that included an investment from Chinese market leader CreditEase.

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.

“Recently came to our attention” … net annualized returns not accurate – Prosper investors share their perspective on recent news that Prosper returns were misstated.

LC new interest rates as of 5/4/2017 (only slight changes) – A forum member shares interest rate changes since 2015 after Lending Club changed rates this week.

LC Assigned Interest Rates and Probability of Default, D&E Grades – An investor shares a chart on probability of default on loan grades D & E in 2013, 2016 and 2017.

Filed Under: News Roundup

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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