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JP Morgan Chase (NYSE: JPM) May Cut Plans to Purchase Sempra Commodities owned by RBS (NYSE: RBS)
JP Morgan Chase & Co (NYSE: JPM) may halt plans to acquire the North American operations of Sempra Commodities LLP after President Obama announced that he would seek to stop banks from engaging in proprietary trading activities,... More of this article »
California State Legislature to Review Peer-to-Peer Lending Practices
The California State Legislature is in session and California’s senate banking committee will be discussing peer-to-peer lending at a hearing on Wednesday. Here is a summary from the Sacramento Bee of the hearing’s topic: WEDNESDAY:... More of this article »
Social Lending Forums: Where to Discuss Social Lending Online
If you are researching social lending as a possible investment or for the possibility of getting an unsecured loan from a peer-to-peer lending company such as Lending Club or Prosper Marketplace, it’s important to have good information... More of this article »
CommunityLend Now Available to Borrowers and Lenders in Quebec
Canadian Peer-to-Peer Lending Company CommunityLend Now Available in Quebec CommunityLend, a Canadian peer-to-peer lending company, announced on January 29th that their service is now available to both borrowers and lenders in the... More of this article »
Kiva Review: A Microfinance Story for the Digital Age
Although Microfinance initiatives have been around for some time, they did not gain significant notoriety until Matt Flannery and Jessica Flannery (Jessica Jackley) founded the organization we know as Kiva in October of 2005. Nearly... More of this article »
ZimpleMoney Review: Peer-to-Peer Lending For People You Know
Peer-to-peer lending sites such as Prosper Marketplace and Lending Club have received much of the spotlight when it comes to innovative financial products during the last couple of years, but there’s another type of peer-to-peer... More of this article »
Prosper Statistics: Over Half of Prosper Marketplace Loans are Used for Debt Consolidation
Prosper Marketplace one of the two largest peer-to-peer lending companies operating in the world, has released new statistics showing that 53% of all loans on Prosper’s peer-to-peer lending marketplace were used to consolidate... More of this article »
How to Apply for a Loan at Lending Club or Prosper Marketplace
If you’re in need of money, the traditional route would be to head down to the bank and apply for a loan or appeal to a family member and ask them for a loan. Banks are increasingly being pressured to raise their capital levels... More of this article »
Prosper Marketplace Now Open to Mississippi Lenders
Prosper Marketplace has announced that they have met state regulations to operate in Mississippi and now have clearance to accept lenders from the state. In a statement made on Prosper’s company blog, the company commented, “We... More of this article »
Polish Social-Lending Website Monetto Shutting Down
Polish social lending website Monetto sent an e-mail newsletter to its users on January 20th informing them that their website would cease operations after the end of February. In the newsletter, Monetto urged that lenders update... More of this article »
Lending Club Using Social Networking Information to Determine Borrower Risk
One of the major challenges that the peer-to-peer lending industry has faced is properly identifying borrowers’ credit risks. Both Lending Club and Prosper Marketplace have been refining their requirements for borrowers over time... More of this article »
Slate Questions Riskiness of Prosper Marketplace, Peer-to-Peer Lending
Mark Gimein set of a fire-storm in the peer-to-peer lending industry this week after publishing an article titled “You Are Unlikely To Prosper” about the risks associated with becoming an investor into Prosper Marketplace and other... More of this article »
Lending Club Investing Strategy: Red Flags to Lookout for When Shopping for Loans
Funding peer-to-peer loans is becoming a popular investment among many savvy investors and there is money to be made by becoming a lender via Prosper Marketplace or Lending Club, but it does require some work. To make a great rate... More of this article »
Lending Club Legit: Are Lending Club and Prosper a Legitimate Investment?
With the regulatory issues that peer-to-peer lending companies including Prosper Marketplace and Lending Club went through in 2008 and early 2009, many curious investors have asked about Lending Club’s legitimacy and Prosper Marketplace’s... More of this article »
Lending Club Taxes: What Taxes You Have to Pay on Lending Club Earnings
Unless you are investing through a tax-advantageous investment account, you have to pay taxes on your earnings either in the form of ordinary income or in the form of capital gains. This is also true for peer-to-peer lenders that are... More of this article »
Prosper Marketplace Appoints Former Capital One Executive as Executive VP of Risk and Analytics (NYSE: COF)
Prosper Marketplace, one of the top two peer-to-peer lending companies in the United States, has announced the appointment of former Capital One (NYSE: COF) executive Jim Catlin as its new executive Vice President of Risk and Analytics. In... More of this article »
Lending Club Venture Capital: A Look at Lending Club’s Funding Status
Lending Club is a popular peer-to-peer lending company based around the business model of connecting borrowers and individual investors as lenders with the hopes of cutting banks out of the consumer lending business. Some have recently... More of this article »
How Does Lending Club Work? An Overview of Lending Club’s Peer-to-Peer Lending Service
A recent study from Gartner suggests that peer-to-peer lending will grow by 66% between now and 2013, so we thought it would make sense to look at the fastest-growing peer-to-peer lending site and explain just how Lending Club does... More of this article »
Your Investment Portfolio: Should Peer-to-Peer Loans Be Part Of Your Investment Strategy?
Many investors have learned how tumultuous the stock market can be over the last 24 months and are looking to add alternative investments as part of their portfolios to bring added diversification and hedge against the volatility in... More of this article »
Prosper.com News: What’s Next for Prosper Marketplace
Prosper.com was the first peer-to-peer lending company to gain any significant traction in the United States. The company, along with its primary competitor Lending Club, faced some legal hurdles with the SEC in 2008 and 2009, but... More of this article »
New Gartner Study Predicts Peer-to-Peer Lending to Grow to $5 Billion By 2013
Prosper Marketplace, Lending Club and other peer-to-peer lending companies received encouraging news from a new Gartner study this week indicating that the peer-to-peer lending industry would grow to $5 billion worldwide during the... More of this article »
Peer-to-Peer Lending Firm Lending Club Moves Offices to Redwood City, CA
Lending Club, one of the largest peer-to-peer lending firms, has announced that it will be moving its offices this month from Sunnyvale, CA to Redwood City, CA. Lending Club’s COO John Donovan made the following statement about the... More of this article »
Prosper Marketplace and People Capital Announce Partnership
Prosper Marketplace and People Capital have announced that the two companies formed a new referral partnership in which both companies will provide each other referral leads when their counterparts service might be better suited for... More of this article »