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.
P2P Lending Panel at Le Web from Wiseclerk – at LeWeb London 2013 a panel on the sharing economy featuring the CEOs of Lending Club, Funding Circle and Auxmoney.
Lending Club Loans and Credit Cards Default Rate from Peercube – Comparison of the defaults and delinquencies between Lending Club loans and credit cards.
Peer To Peer Lending Review – Dangers Revealed from FinancialMentor – A skeptics look at p2p lending and why it is such a bad investment (I disagree with most points in this article).
Alternative Business Financing: The Brave New World of Bypassing the Banks from Swipely – How small businesses are using Lending Club and Prosper as well as crowdfunding sites to bypass banks.
Show us everything, every day, and we might give you a loan from BizJournals – Coverage of the Capital Access Summit held at the US Treasury last week discussing alternatives for small business lending.
Zopa named Most Trusted Loans Provider 2013 by Moneywise from Zopa – For the fourth year in a row Zopa has won the Most Trusted Loan Provider award from Moneywise in the UK.
Ask An Advisor: What Do You Think About Peer-to-Peer Lending? from Daily Worth – I was pleasantly surprised by this informed response from a financial advisor on this mainstream finance site.
Savers give peer-to-peer lending thumbs up from Which? – A survey in the UK found that the major p2p lending sites are becoming more popular with savers there.
Prosper Third Party Vendor Experiencing Technical Issues, Slowing Pace on June Originations from Prosper – Some issues with Salesforce integration slowing down originations at Prosper this month.
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.
Prosper reduces individual-investor threshold to 50% – Discussion of the announcement from Prosper about their reduction to a 50% maximum threshold per investor.
Do you want to write a guest post on the blog? – My simple request for guest writers turned into quite an active and wide ranging discussion.
Net of Defaults and Fees? – Some confusion about the NAR number on Lending Club that is clarified by forum members.
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.