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 lender Funding Circle defends Santander tie-up from The Telegraph (UK) – I agree with Funding Circle CEO Samir Desai that this is a natural extension for peer to business lending.
Lending Club on press:here from NBC Bay Area (video) – Roundtable discussion with Renaud Laplanche, CEO of Lending Club.
Credit Variables Explained – Does Income Matter? from Orchard – Analysis on what I consider to be a very important criteria for p2p investors: borrower income.
What is the impact of employer on Peer-to-Peer Loans? from Peer Lending Advisors – I have never seen an analysis of employer before…interesting.
NZ legislative regime for crowd sourcing and peer-to-peer lending as fund raising sources nears from Interest.co.nz – Crowdfunding and p2p lending are coming to New Zealand.
Lending Club vs Prosper for Borrowers: Four Big Differences from LendingMemo – A look at the different borrowing processes at Lending Club and Prosper.
Consumers Find Investors Eager to Make ‘Peer-to-Peer’ Loans from Yahoo Finance – The Wall Street Journal article that I wrote about earlier this week available without the WSJ paywall.
Not Banks, but Still Lending Money and Drawing Investors from the New York Times – Well researched article about the past, present and future of p2p lending.
Credit Variables Explained – Verified Income from Orchard -Verified income can make a difference to returns, the problem is that investors can no longer use it.
Shadow Banking: Peer-to-peer lending increasing from CNBC (video) – Short interview with Lending Club CEO, Renaud Laplanche, on CNBC’s Squawk Box.
Portrait of a Chinese P2P lender from Danwei – Really interesting article on the Chinese p2p lending sector including the profile of an individual investor.
U-Haul’s Crowdfunding Model For DIY Investing: Interview With AMERCO’s Jim Shoen from Seeking Alpha – Yes, the secured lending operation from U-Haul that I have covered before is still going strong.
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.
Borrower Deceased – This unfortunately does happen from time to time…what does it mean for investors?
46 loans funding … – Commentary about the dearth of loans at Lending Club (it got down to 28 loans available on Friday – I think that was a record).
Prosper ditching “Scorex Plus” and moving to “FICO” mid August – Prosper is moving to a new credit scoring system this month.
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.