Peer to Peer Lending News Roundup – March 15, 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.

Wells Fargo reverses employee ban on peer-to-peer lending from SF Business Times – The big news story of the week was Wells Fargo reversing its employee ban on p2p lending. Good move!

How Google and Facebook Could Become Financial Services Giants from The Motley Fool – This scenario may be unlikely but Google and Facebook certainly would be formidable if they entered the finance industry.

Monthly Debt and Disposable Income from Orchard – Detailed post about trends in default rates for different levels of monthly disposable income.

Debt Crowdfunding Site Deal With Institutional Investor Portends Industry Growth from Forbes – The small business lending platform Dealstruck (reviewed here) has signed Brendan Ross’s Direct Lending Investment fund as a major investor.

Attend LendIt! The P2P Conference Comes to San Francisco in May from LendingMemo – Simon Cunningham shares why he likes coming to the LendIt Conference.

Lending Club’s Jason Altieri wins by staying out of the ring from SF Business Times – Lending Club’s general counsel takes center stage by winning a best private company lawyer award.

Lending Club’s Renaud Laplanche To Speak On The State Of Lending At Disrupt NY from Techcrunch – Laplanche is going to be busy in early May with a keynote speech at LendIt in San Francisco then he will be off to New York to speak.

Your Job Taught to Machines Puts Half U.S. Work at Risk from Bloomberg – Fascinating read on how automation is impacting some traditional jobs such as loan officers with coverage of new p2p lender Daric.

Seven Players Join Forces to Promote Alternative Business Funding from Wiseclerk – In the UK seven platforms have formed a new site to educate the public about alternative lending.

Lending Club Will End Screen-Scraping Auto-Investing Tools from LendingMemo – An explanation of screen scraping and why Lending Club will likely change its practices here.

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.

Taxes – a sanity check – It is getting close to tax time and here is a good discussion.

When first payment is due – The first payment for borrowers at Lending Club is normally due one month from the date of issue, but not always.

Automatically downloading notes.csv file: anyone know how to – There are several methods that tech-savvy people can use to automate their investing.

  • 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.