Marketplace Lending News Roundup – September 30

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.

A Missing Piece in China’s Economy: Consumer Credit Ratings from The Wall Street Journal – This is one of the big problems in China, there is no widely accepted system of determining credit worthiness.

Fed News, Prosper Financing, ABS East Highlights from PeerIQ – The latest from PeerIQ on the state of marketplace lending securitization and reducing the Fed balance sheet.

A pair of investing startups are in a public spat about the future of real-estate investing from Business Insider – A public disagreement between the CEOs of Fundrise & Wealthfront about real estate investing.

RateSetter Australia closes $10.5m fundraise from AltFi – In Australia RateSetterAUS has raised $10.5 million in a new equity round.

Goldman Sachs’ foray into consumer banking is getting aggressive from Tearsheet – It seems that Goldman Sachs is morphing into a fintech company.

Funding Circle hits £50 million in revenue as CEO restates IPO ambitions from Business Insider – Extensive comments from Samir Desai on the state of Funding Circle as they report their 2016 numbers.

Why are Amazon, PayPal meeting with bank regulators? from American Banker – It is really interesting that both Amazon and PayPal have been meeting privately with the OCC.

Benzinga Fintech Summit: Kevin O’Leary, Ron Suber And Keith Krach Talk The Art Of Hunting And Executing from Benzinga – The mayor of fintech Ron Suber was on stage this week with a Shark Tank judge and the head of DocuSign.

Fintech consumer lenders will be forced to become banks from AltFi – David Stevenson argues that banks have too many advantages over online consumer lenders in Europe that many will follow Zopa’s lead.

The End of Fintech Is Nigh from finews.com – Fintech is booming in Switzerland causing the lines to blur between fintech and traditional finance.

Latest Orchard Lendscape Reflects Innovation & Competition in Online Lending from Orchard – This week Orchard released their new “Lendscape” – a graphic of the online lending ecosystem.

Prime Minister voices support for UK fintech in Bank of England speech from P2P Finance News – One of the reasons fintech is flourishing in the UK is that it has the support of the highest levels of government.

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.

Wide range of FICO scores for A loans – Forum members discuss the wide range of FICO scores across loan grades.

Getting Shafted Buying Notes? – Investors discuss loan status changes when purchasing notes on the secondary market.

LC Email: “The Next Generation Credit Model” – Investors continue to discuss Lending Club’s new credit model and underwriting.

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