Peer to Peer Lending News Roundup – September 14, 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.

Andy Haldane: ‘Banking may be on the cusp of an industrial revolution’ from Wired UK – A director at the Bank of England thinks that banking is about to change radically.

Credit Variables Explained: Number of Open Accounts from Orchard – In their continuing series on credit variables the Orchard team looks at the number of open credit lines and its importance to investors.

What Do Small Businesses Need Banks for, Anyway? from Businessweek – The online small business space is starting to heat up but it still has a long way to go to threaten traditional banks.

Lending Club Update: August 2013 from Brave New Life – An update from this blogger who has been a Lending Club investor for two years now.

The End of Banks as We Know Them? from Harvard Business Review – A look at the reasons why trust in big banks is declining and the opportunity for online lending.

Lending Club FolioFN: How to Sell Your Late Notes Before They Die from LendingMemo – An in depth look at selling late loans on Folio for Lending Club investors.

Online peer-to-peer lender eyes LSE listing from Financial Times (UK) – This publicly listed company is raising £200m over the next few months to invest in US and UK p2p lending platforms.

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.

How much is too much to invest in LC? and is it worth the effort? – Fair questions from a new investor given the current competitive environment at Lending Club.

Questioning borrowers – With loans funding so quickly borrowers have little time to answer questions before their loan is funded.

Fairer Solutions to Excess Investor Demand – This thread was started several weeks ago but there was a lot of new discussion this past week.

  • 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.