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Peer to Peer Lending News Roundup – January 19, 2013

January 19, 2013 By Peter Renton 2 Comments

Views: 0

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.

Lending Club Loans – Impact of Recent Changes from Random Thoughts – An exploration of the recent underwriting changes at Lending Club and the impact on the lower grade loans.

Is Lending Club Going to Introduce AA Grade Loans? from Nickel Steamroller – Digging around the HTML code on Lending Club’s website Michael from Nickel Steamroller found a provision for AA grade loans.

How a revolution in business lending could transform the British economy from The Telegraph – The co-founder of Funding Circle, the leading peer to business lender in the UK, describes how important p2p lending could be for the UK economy.

Lending Club Update 4Q2012 from Beating Broke – This blogger and Lending Club investor (through the Folio platform) gives an update on his investment.

Funding Circle CEO Takes a Look at 2013 from P2P Lending News – The Funding Circle CEO comments on the recent changes in the UK that should bring a banner year for p2p lending there.

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.

OID Question – Discussion about why Lending Club notes are treated as an Original Issue Discount (OID) by the IRS.

How leery should I be of grace period notes? – At Lending Club should an investor sell notes as soon as they go late.

Math Problem – A Prosper investor wanders why his actual annual return on one note was less than the interest rate of the loan.

Filed Under: Peer to Peer Lending

Views: 0

Comments

  1. Walter says

    January 20, 2013 at 5:42 pm

    Not sure if this has hit anyone’s news alerts yet, but here it is

    https://www.businessweek.com/articles/2013-01-20/peer-to-peer-lending-no-longer-just-a-curiosity

    Nice piece. Doesn’t really drill into details, but it never hurts to show up on Bloomberg’s radar.

    Reply
    • Peter Renton says

      January 20, 2013 at 9:41 pm

      Thanks Walter, I just noticed that piece on Bloomberg tonight. That will be included in next week’s news roundup.

      Reply

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LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

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