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.
Banking without banks from The Economist – A look at the growth of p2p lending in both the US and the UK.
P2P Lending: 2B or Not 2B? from American Banker – In depth article on p2p lending from a leading banking publication – banks are taking notice.
Channel Code for Prosper from Orchard – Analysis of the different methods for acquiring borrowers at Prosper.
If you make money in the sharing economy, the IRS will know from SFGate – A reminder to investors to include your interest earned (outside of an IRA) from your Lending Club and Prosper investments on your tax return.
After Three Years of Lending Club, I’ve Had Enough, Thanks from Military Money Manual – This Lending Club investor has decided to throw in the towel.
British Business Bank confirms new £40m investment from CreditToday (UK) – More on the £40 million investment in Funding Circle by the UK government.
Why Wells Fargo is Terrified of Peer to Peer Lending from LendingMemo – In depth analysis comparing Wells Fargo with Lending Club.
Three P2P pioneers take stock at 30 from ECNS (China) – China’s Renrendai raised $130 million last year and is one of the major up and coming p2p lenders there.
Inaugural Peer-to-Peer Finance Association Conference from LendLoanInvest (UK) – A first person report from the inaugural conference of the UK P2P Finance Association.
Simple Filters for Investing in Lending Club and Prosper from Write Your Own Reality – Simple filters are a good way to put cash to work quickly and easily.
Kabbage Hits Purple Patch, IPO Could Someday Sprout from The Wall Street Journal – Kabbage is now lending over $1 million a day to small businesses.
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.
“Thin File” or little credit history – This 19-year-old wonders if he should even bother applying for a Lending Club or Prosper loan.
1 investor fully funded – This borrower is curious how his loan was fully invested by just one investor.
Buy all notes? – Great question from this new investor: why not just buy all loans of C-grade and below and not bother with filtering.