Roundup of Social Lending News – November 5, 2011

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.

The bigs news of the week was another stellar month for both Prosper and Lending Club with the latter passing $400 million in new loans on Monday. Several news sites picked up Lending Club’s press release about that milestone. The most interesting article of the week from my perspective was the VentureBeat one where Chris Larsen of Prosper discusses the broken banking system. Enjoy your weekend.

Business Insider – WOW: Peer-to-Peer Lending Site Nears Half Billion Dollars In Loan Originations

Lending Club blog (the official one) – Happy $400MM To Us!

VentureBeat – Prosper takes on Wall Street, hopes to rewire banking

Smartmoney Blog – Should I Join a Direct Investing Program?

Lending Club Blog (not the official one) – First Lending Club Loan Investments

This is London – All together now! Small investors flock to the idea of crowdfunding

Debt Free Adventure – Social Investing with Lending Club

Moolanomy – Borrowing Money from Lending Club and Prosper

Fox Business – Should You Pay Credit Card Debt With a P2P Loan?

  • 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.