Marketplace Lending News Roundup – November 14, 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.

P2P Lending Is Profitable, Even In A Recession from TechCrunch – This long time p2p lending investor gives his opinion on results in a recession based on his past experience.

Chinese Online Lenders Need to Have Flesh in the Game from Crowdfund Insider – Interesting piece about skin in the game and how it applies to Chinese p2p lending by Spencer Li in Crowdfund Insider.

Bessemer Backs Consumer Lending Startup Bread from The Wall Street Journal – New consumer lending startup Bread raises $14M in Series A to take on purchase finance.

Online lenders harvest big data to extend loans where banks cannot from The Network – The always interesting Locavesting looks at big data and its impact on lending.

P2P trust manager blames ‘copycats’ for share falls from Citywire Money – The largest publicly traded fund in the UK has seen a significant share price decline this year.

The Redcoats are coming! from AltFi – Great article by Ryan Weeks in AltFi News about the coming wave of deep pocketed players.

A Peek Inside Apple, Google And Amazon’s New Capitol Hill Lobbying Coalition from Forbes – The new lobbying group of Google, Amazon, Intuit, Paypal and Apple has marketplace lending as one key initiative.

Is Quicken Loans branching into personal loans? from Detroit Free Press – Looks like Quicken Loans might be expanding into marketplace lending with the incorporation of RockLoans Marketplace.

Debt Consolidation Strategies Using Peer-To-Peer Lending Platforms from Nerd’s Eye View (Kitces) – Detailed primer for p2p lending debt consolidation borrowers by Michael Kitces.

How the Government Can Spur Innovation in Marketplace Lending from American Banker – David Klein of CommonBond shares his views on how the government can help marketplace lending.

Direct Lending Investments has reason to celebrate third anniversary from Bankless Times – Congrats to Brendan Ross and the Direct Lending Investments team on 3 years in business and $350M in assets.

Peter Renton, Founder of Lend Academy & LendIt Conference, Contributes to Marketplace Lending’s Global Understanding, Growth & Success from Crowdfund Insider – My interview with Crowdfund Insider discussing the University of Cambridge/Chicago benchmarking study and more.

Calculating Financial Returns in Peer Lending from LendingRobot – Detailed article about calculating returns with some real world examples.

Beyond Banking: Alternative groups seize business from lenders from the Financial Times – Bank lending as a percentage of total corporate financing is falling.

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.

Huge news RE: credit data – Lending Club investors discuss the new attributes that are being added in the next month.

36 months vs 60 months – Forum members discuss the differences in interest rates and charge offs by loan term.

Anyone interested in participating in a cooperative database of trading data? – Some forum members are open to sharing their trading data to help to better understand pricing of loans on the secondary market.

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