Peer to Peer Lending News Roundup – March 30, 2013

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.

Welcome to the new economy built on sharing from CBS Sunday Morning – Segment about the sharing economy with a good piece about Lending Club (starting around the 3 minute mark).

LendingClub and Prosper Tax Forms: 1099-OID, 1099-B, and 1099-MISC from My Money Blog – Information about filing your taxes for Lending Club and Prosper investments.

Government lending through Funding Circle from P2P Money Blog – The UK government has started lending £20 million to small businesses on Funding Circle.

 Lending Club vs Prosper from Lending Memo – Head to head comparison of Lending Club and Prosper for investors.

P2P Lending: A Love Story (part 1) from Lending Memo – A fun and inspiring story from a true believer in p2p lending.

Prosper boosts loan limit as new CEO reshapes operations from San Francisco Business Times – Coverage of the changes happening at Prosper.

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.

54% Chance of a 31-120 Note going current – A discussion about the likelihood of a late loan returning to current at Lending Club.

Portfolios – how do you organize them? – Different uses of Lending Club’s portfolio tool that allows you to group your notes.

Verified income – Is it important and why have the number of borrowers with verified income gone down at Lending Club?

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Mar. 30, 2013 10:10 am


Do you have a list of websites that have posted the writer’s actual returns over the years in LC and/or prosper?

I’m kind of thinking that maybe consolidating all that data into a single post might be useful. (not suggesting you do it, but I might).