During the week I share the latest p2p 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.
Peer To Peer Lending Is Not Going To Replace Banks from Forbes – This writer’s definition of a bank is an organization that borrows short term money and lends out long term money and he claims that p2p lending will never do that. I am not so sure, never is a very long time…
Numbers placing their cash with lend-to-save firm Zopa leap as savers hunt rivals to lousy bank returns from This is Money – Zopa in the UK now have 39,000 investors who have lent over £290 million.
NY Federal Reserve Report on Household Debt from Direct Lending Advisors – Total US consumer debt is now at $11.3 trillion, non-housing debt is at $2.75 trillion.
On the money: A peerless way to get your money working from London Evening Standard – A short primer on the UK p2p lending market.
The Online Lending Revolution: LendIt 2013 from LendingMemo – Comparing p2p lending with the force of gravity and why everyone should attend LendIt (thanks Simon).
The Current State of Student Loans from ReadyForZero – With a great graphic showing the surge in student loan debt in the last eight years.
Crowdfunding Everything From Solar Panels to Veronica Mars from NationalJournal – Featuring Solar Mosaic, Pave and Lending Club.
Filtering Loans – Part 1: Risk from LendingMemo – The first part in a four part series on filtering loans at Lending Club and Prosper.
The Next Big Thing in Funding Innovation from Huffington Post Canada – Good rundown of the various new companies making an impact today in online lending.
A Note on Our Recent Loan Volume from Lending Club’s blog – The number of available loans at Lending Club is at its lowest level in years and here they explain why.
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.
Convenience Checks Arbitrage – Arbitrage and leverage are popular discussions on the forum, this topic is about the free 0% APR checks that many credit card companies send.
Finally had my first default – Interesting discussion about why one particular loan defaulted for this investor.
Where have all the good (folio) notes gone..? – The scarcity of notes at Lending Club seems to have spread to the Folio platform with several Folio-only investors reporting slim pickings.
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.