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.
PeerIQ Lending Earnings Insights, GS Marcus Deep-Dive from PeerIQ – This week PeerIQ takes a deep dive on Marcus comparing them to other banks and fintech lending platforms.
Banks aren’t following CFPB data-sharing guidance, fintechs say from American Banker – The CFPB released data sharing principles last month, it seems that some banks are selective in embracing them.
With Acorns deal, PayPal turns into a bank from Tearsheet – While not officially a bank PayPal provides a suite of banking services as it rolls out savings with Acorns.
UK fintech shrugs off Brexit to set a new funding record from AltFi – Record investment in UK fintech with £2.1B through first nine months of the year.
Americans are having trouble paying off their credit cards — and it could spell trouble for the economy from Business Insider – New credit card delinquencies are trickling up for the first time since the financial crisis.
Nav Athwal Exits CEO Role at RealtyShares from Crowdfund Insider – Industry pioneer Nav Athwal has resigned as CEO of leading real estate platform RealtyShares.
Seeking bigger U.S. presence, Barclays joins crowded online lending market from American Banker – Barclays is the latest in the list of large banks to have launched online lending platforms.
Beijing throws cold water on China’s fintech IPO wave from Financial Times – Big news out of China. The Chinese government has halted new approvals for all online lending platforms.
Revolut now has a million customers for its banking alternative from TechCrunch – In Europe Revolut has passed one million customers just 2 1/2 years after launch.
SoFi, Elevate and other PFMs are using the holidays to teach budgeting from Tearsheet – Interesting new holiday marketing campaign from SoFi focusing on the cost of credit card interest.
Funding Circle to launch IFISA next week from Peer2Peer Finance News – Next week Funding Circle is rolling out its Innovative Finance ISA to existing investors.
Lessons From the First 120 Days of Rewirement from Ron Suber – Industry guru Ron Suber shares lessons from his first 120 days in “rewirement”.
FinTech Is the Ultimate Tool for Financial Inclusion and Upward Mobility from Let’s Talk Payments – Great interview with LendingPoint co-founder Juan Tavares on what makes them different.
Ranger Direct lending – moving towards an endgame? from AltFi News – David Stevenson provides some history on struggling fund Ranger Direct and where it might be going.
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.
Do ALL loans that make it through LC’s application screening get funded? – An investor asks whether all loans that are approved get funded.
Dear LC – Forum members chime in on recent performance, competition in the consumer loan market and more.
Kind of bittersweet these last few days… – Investors reflect on their investment experience on LendingClub over the years.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.