peer2peer lending

China Ponzi Scheme: Police Crack Down on Shanghai Lender, Wealthroll

May 16, 2016
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Chinese police have been ordered to shut down illegal online lending sites and take swift action against suspects.

P2P Insurance Startup Lemonade Hires Behavioral Economist, Dan Ariely

February 24, 2016
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Ariely will serve as the startup’s chief behavioral officer where he will design systems using his research to mitigate risks and ensure to align the interests of both the insurers and the insured.

Investing in the Industry: Break Out of Your Bubble

June 29, 2015
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This story appeared in deBanked’s May/June 2015 magazine issue. To receive copies in print, SUBSCRIBE FREE Even if you’re already working in alternative lending and know a lot about your particular area, the industry is growing by leaps and bounds and you might be feeling a little overwhelmed by the multitude of investment opportunities. Amid […]

Would You Bet Your Retirement on Consumer Loans?

March 12, 2015
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I like Lending Club. I have a rather sizable portfolio of their notes. I’m also long-term bullish on platform lending in general, at least long-term enough to feel confident to buy 3 and 5 year notes (and who knows how much things will change by 2020!). There are limits of course to my optimism. The […]

Lending Club (LC) Q4 Earnings Call

February 23, 2015
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The first company to bring platform lending into the public eye will release their 4th Quarter and 2014 earnings on Tuesday, February 24th at 5pm EST. Anyone can join the live webcast by clicking here. If not by a computer, you can also dial in by phone at 888-317-6003. Use conference ID 4117710 ten minutes […]

Lending Club’s Site Went Down

December 3, 2014
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A week away from IPO day, Lending Club is undergoing a supposed unannounced mid-day prolonged “upgrade”. There is no word about it on their twitter account. As many probably know, this down time coincides with one of the day’s four normal feeding times when fresh loans are loaded onto the platform in bulk. Are they […]

Keeping Lending Club (and others) Honest

October 19, 2014
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Is Lending Club staying honest?

Now that institutional money is flowing into the alternative lending industry, some retail investors are starting to express concern that the rules are changing. Lending Club for example is no longer considered a peer-to-peer lending platform, but rather an online credit marketplace. Investors don’t exactly make loans to individuals in that marketplace, but that’s sort […]

Lending Club IPO: The Mirage of Diversifying

September 1, 2014
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eggs in one basket

Behold, the fool saith, “Put not all thine eggs in the one basket” – which is but a matter of saying, “Scatter your money and your attention”; but the wise man saith, “Pull all your eggs in the one basket and – WATCH THAT BASKET. – In Pudd’nhead Wilson by Mark Twain Is peer-to-peer lending […]

Are We in a $300 Billion Market?

August 7, 2014
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stacking turf war

Earlier today on a large group conference call with Tom Green and Mozelle Romero of LendingClub, I learned a few more details about their business loan program. In the Q&A segment, one attendee came right out and asked if they believed their competition was merchant cash advance companies and online business lenders. According to Green, […]

Suspicious Listing on LendingClub

August 4, 2014
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LendingClub Breaking Bad

While perusing LendingClub’s loan platform today, I came across a highly suspicious borrower. It’s member loan #23954784 who is currently a lab assistant in Albuquerque, NM. The reason for the loan request? “Other”. This is what I suspect behind the scenes: