Roundup of Social Lending News – March 31, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

According to Marc Prosser, in the Forbes article referenced below, credit card lending has returned 10.5% annually for the credit card companies over the past 25 years. That is an excellent return that has been maintained through several recessions. The Forbes article was my favorite one of this past week – it provided several interesting nuggets including a prediction from Lending Club CEO Renaud Laplanche about what would happen to Lending Club’s returns if there was another recession. As always, there is plenty of other good reading, too. Enjoy your weekend. (UK) – Peer-to-peer lenders gain traction (free registration required)

Nickel Steamroller – New Prosper Categories

Forbes – Debt that pays a 25% interest rate? Become The Credit Card Company – Peer to Peer Lenders: Lending Club Vs. Propser Comparison

The Guardian (UK) – First peer-to-peer payday lender launches – Peer-to-Peer Lending (P2P) for Small Businesses

YouTube (video) – Interview with Zopa CEO Giles Andrews on BBC News, March 2012

White Coat Investor – How To Get Out of Peer to Peer Lending Using Folio

  • 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.