Peer to Peer Lending News Roundup – August 17, 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.

Credit Variables Explained: Public Records from Orchard – An explanation of public records and their usefulness for investors.

The Fed, Lawrence Summers, and Money from the NY Times – Clearly these reporters dislike Larry Summers but they also make some very dubious claims about Lending Club.

Be Happy Larry Summers Sits on the Board of Lending Club from TIME Business – A rebuttal of sorts to the NY Times article above.

Fraud Charges Won’t Help Small Business Lending Pioneers from Businessweek – Times are not good for Candace Klein and small business lender SoMoLend – the embattled CEO resigned this week from the company she founded.

 Zopa on fast track to alternative success from The Guardian (UK) – The world’s first online lender is ramping up, expecting to double volume in 2014.

Caveat Emptor Banking: Peer-To-Peer Lending Challenges Too-Big-To-Fail Status Quo from Forbes – So far p2p lending has managed to fly under the radar somewhat with politicians in Washington. How long can we expect that to go on?

The Complete Guide to Investor Risks at Lending Club & Prosper from LendingMemo – A consideration of risk is the most important factor for investors in p2p lending.

Community banks partner with Lending Club as P2P continues to evolve from Bankless Times – As Renaud Laplanche announced at LendIt two community banks are now investors on the Lending Club platform.

Investing In Your Peers from Fox Business (video) – Interview with Prosper CEO Stephan Vermut about the basics of his company for investors.

Savers risk big losses at peer-to-peer start-ups from The Telegraph (UK) – A balanced look at the big three in the p2p lending market in the UK.

Peer to Peer Lending Is A Pretty Good Passive Investment from Retire by 40 – An update from a Prosper investor along with details of his selection criteria.

Emerald Asset Management enters peer-to-peer lending from Central Penn Business Journal – Howard Freedland’s Direct Lending Fund, which invests in Lending Club loans, was recently purchased by this $3 billion asset manager.

Somolend’s Investors To Regulators: ‘Where’s The Beef?‘ from Forbes – An investor in SoMoLend questions the claims made by the Ohio Securities Commission.

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.

This Is What $11.15 Trillion Worth Of Household Debt Looks Like – The New York Federal Reserve recently released a breakdown of consumer debt.

P2P Front-running – There continues to be concern about how quick the loans are being fully funded at Prosper and especially Lending Club.

Rate of return when purchasing notes via interest radar through folio – An interesting discussion about investing via Folio and the calculation of returns.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, 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.