Peer to Peer Lending News Roundup – September 6, 2014

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.

IS AMAZON QUIETLY GETTING INTO THE LENDING BUSINESS? from PYMNTS.com – Amazon has hired a former Visa and Prosper executive to head up their new lending unit.

A Closer Look at Debt Consolidation Loans from Orchard – When a borrower takes out a debt consolidation loan at Lending Club or Prosper do they really use it to pay down debt?

SocietyOne hands credit scores power to customers from The Sydney Morning Herald – The leading Australian p2p lender has started new site to give Australians free access to their credit score – something not readily available down under.

Lending Club May Need to Justify Its Valuation from The New York Times – The Lending Club IPO is still generating press for the company and this article explores their valuation.

Peer-to-Peer Lending Grows as a Disruptive Force in Finance from Nasdaq – A brief look at the evolution of p2p lending.

Public Awareness Still a Major Issue for P2P Space from AltFi – In the UK 35% of adults have heard of p2p lending, a number I think that is far higher than in the US.

Welcome Vermont Investors! from Lending Club – Lending Club just added a new state for investors, one that was previously quite unfriendly to p2p lending.

Lending Club Investor Review: Invest in Loans, Earn 5-10% from LendingMemo – A detailed review of Lending Club for new investors.

TC Cribs: Lending Club’s Hole-In-One San Francisco HQ from Techcrunch – Cool video walkthrough of the Lending Club offices with Renaud Laplanche.

AltFi Awards 2014 from AltFi – Vote in the People’s Choice Awards for European p2p lending platforms.

Mass adoption of P2P lending could boost UK economy by £32bn from The Yorkshire Post – A new report by Cormac Leech of Liberum Capital about the economic impact of p2p lending on the UK economy.

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.

LC vs Stock Market, a View from the Rear View Mirror – One investor compares his historical returns to the stock market and others chime in.

Interesting calcs using LC Portfolio tab info? – Discussion of the PMT Excel function and other analysis of an LC portfolio.

Volume Decline? Can It Be True? – Lending Club had a down month in June. I will have some analysis this coming week on the LC 2nd quarter data.

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