Last week with little fanfare or media coverage a House subcommittee met to discuss crowdfunding. The purpose of the meeting...
It hasn’t happened since September of last year. That was the last time a loan was listed on Lending Club’s...
In the past couple of weeks I have had two emails and one conversation on Twitter about Ponzi schemes. Some...
Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source
Every day I receive emails from readers with questions. Having authored this blog now for two years I see many...
Now that tax season is behind us many of us will be wondering what to do with our tax refunds....
Recent news on consumer lending players IEG Holdings Corporation, OneMain Holdings, Lending Club, Ally Financial and TransUnion is outlined in a press release; of interest is IEG's announcement and offer to purchase all outstanding shares of OneMain and Ally's recent agreement to support contracts from Carvana, an online auto retailer that also operates vehicle vending machines; according to the press release, "Ally will make up to $600 million available to Carvana over the next 12 months through financing and bulk purchases of contracts." Source
Right now is the perfect time to borrow money from a peer to peer lending site such as Prosper or...
I had heard the rumor a few weeks back but did not immediately believe it until a reader sent me...
A lot has been written recently about institutional investors interest in Lending Club loans following the Lending Club saga, but...