Peer to Peer Lending News Roundup – November 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.

Funding Circle lends almost all of £20m provided by government from The Guardian (UK) – The UK government has made a 5.7% so far on their investment in small businesses through Funding Circle.

Rejected Loans on LendingClub from Orchard – The first analysis I have seen of the borrowers rejected by Lending Club.

Looking Glass Investments Interview from Peer & Social Lending – Some background on an institutional investor.

Peer-to-Peer Lending: Sprint or Marathon? from Birchmere Advisors – How and why peer to peer lending is creating a new asset class for the long term.

7 Reasons to be Thankful for Peer to Peer Lending from LendingMemo – A Thanksgiving message from Simon Cunningham of LendingMemo.

The Middle East gets its first peer-to-peer lending site, with Sharia compliance from Wamda – A new peer to business lender launches in Jordan.

Where Are We Now? Examining the Post-Recession Small Business Lending Environment from House Committee on Small Business – Renaud Laplanche, CEO of Lending Club, will be testifying before a Congressional subcommittee this coming Thursday.

The newest bubble: peer-to-peer lending? from PBS Newshour – This Wall Street money manager, Doug Dachille, argues that peer to peer lending has many similarities to the sub prime mortgage crisis. I disagree with many of the assumptions and points made in this article so I decided to make a comment pointing out the flaws in the author’s assumptions. It was a critical comment, but I kept my tone completely professional. However, the editors at PBS decided to delete my comment, so this article is left unchallenged. I am very disappointed with PBS for stifling debate on this topic.

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.

Unverified Borrower Profile Data – This investor questions making an investment before any of the borrower information has been verified.

Quality of loans deteriorating… – Is this true or is it just becoming more competitive for investors?

Estimated Turnover Rate and impact to LC fees – Question about service fees at Lending Club and portfolio turnover.

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Nov. 30, 2013 7:55 pm

Peter – Can you post your PBS Newshour comment here?

Dan B
Dan B
Dec. 2, 2013 6:21 am
Reply to  Peter Renton

Well you’re right, that article contained quite a bit of rubbish. Maybe they got wind of your severe industry friendly rep & it caused them to reflexively delete your post without even reading it………….Hey it happens.
Here’s an idea. Why not just write or rewrite your rebuttal to it here? I’m sure lots of people on this site would love to read it.

Then I will go over to PBS & write a rebuttal to their article. I’m sure that you will agree that my superior ability to put things diplomatically will afford me a better chance of getting things published. I’m willing to give it a go, but only on the condition that Simon will give me a back slapping “well done or good job” if my comments get published. 🙂