As marketplace lending continues to grow in its scope and influence in the loan financing industry it's important to stay abreast of the changes in regulation and governing of the sector. For that reason, the fine attorneys of Chapman and Cutler LLP diligently prepare an annual survey detailing the principal regulations applicable to internet-based lending. Introduction To This Year's Marketplace […]
June 17, 2015
Peer-to-Peer Lending Sites Review - Full Disclosure
This peer-to-peer lending sites review is long overdue. Why? Well, it's simple. Now that the general public is coming to understand that there is a new financing option available in the form of peer-to-peer loans, the next question becomes "Who are the best peer-to-peer lending sites?" Well that is the question that The Lending Mag […]
June 11, 2015
What is Peer-to-Peer Lending: An Illustrated Explanation
If you're reading this article, it's probably because you're wondering, "What is peer-to-peer lending and how does it work?" Well, we're going to explain exactly what it is for you in an easy to understand way as well as provide a great infographic to help illustrate some of the major points. With traditional banks denying loans to small […]
June 10, 2015
Unsecured Business Line of Credit Advantages & Options
Are you looking to grow your business? Well, it goes without saying that "it takes money to make money." That's one reason that an unsecured business line of credit is the secret weapon of many successful companies. Business capital is the lifeblood of successful ventures, businesses die without it. So to start, we'll explain what […]
June 6, 2015
Why Peer-to-Peer Business Lending Is Ideal For Company Financing
Peer-to-peer business lending is becoming a disruptive force in the business financing sector. Companies in need of business capital are seeking out p2p lenders for loans more and more. And with success. Why are people and businesses in need of financing turning to the crowdfunding? InvestNextDoor, a Seattle-based crowdlending platform, put together the infographic you'll […]
June 6, 2015
Medical Loans for IVF - New In Vitro Financing Options
Are you looking for medical loans for IVF? Affordable financing for fertility expenses including treatments, procedures, and medications are available when you know where to look and who to talk to. That's exactly what we'll show you how to do in this article. You'll know everything you need to know to get In Vitro financing […]
June 2, 2015
What's The Difference Between Peer-to-Peer Lending & Crowdfunding?
Are you an entrepreneur looking to start or grow your own business? If so, you may have heard many relatively new terms thrown around that come from the fintech world. All of a sudden peer-to-peer lending, crowdfunding and marketplace lending are being talked about as options for people that the banks aren't willing to loan […]
May 30, 2015
New Fintech Group on Facebook - Join Us!
Announcement: The Lending Mag is moderating a new Fintech group on Facebook, our aim is to build the largest and most active community of Fintech fans on FB. This group was created so that we can learn from each other, teach one another, network, inform and even entertain one another. The Fintech group is a […]
May 28, 2015
Lending Club Stock Goes Up as interest in P2P Lending Increases
From www.inc.com - Everyone wants in the Club. Shares of Lending Club stock advanced 4 percent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank. It's a positive bit of good news for a company whose the stock […]
May 26, 2015
Facebook Bringing Peer-to-Peer Payments Through Messaging
From www.techcrunch.com - When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and […]
May 25, 2015
Student Loan Refinancing Options Opening Up Because Of Fintech
From www.huffingtonpost.com - The rise of financial technology (fintech) companies is undeniable and student loan refinancing online is increasing. In 2014, Lending Club and OnDeck went public, and over 500 fintech startups attracted private financing. In the student loan refinancing market, there has been a rapid expansion of lenders participating in the market over the […]
May 25, 2015
Is P2P Lending Headed For Trouble Like The Mortgage Subprime Mortgage Crisis?
From www.bloomberg.com - There’s certainly some cause for concern. Consider these facts: P2P loan volume is poised to hit $77 billion this year, a 15-fold increase from just three years ago. Lending Club, the No. 1 player worldwide, is trading at a market value of about $7 billion even though it lost $33 million last […]
May 25, 2015
Do We Need Banks For Small Business Loans When Online Lenders Do Better?
From www.forbes.com - I just read two articles about microfinance that surprised me. One pointed out how convenient and competitive the online peer-to-peer lending sites had become. The second pointed out the low loss ratio at these lending sites. In essence, the article said that “loans at Kiva are repaid at a rate of 98.75 […]
May 24, 2015
UK's Peer-to-Peer Finance Association To Block Banks From "Cherry Picking" Loans
Peer-to-peer retail investors in the UK will get a little bit of help against big banks "cherry picking" all of the best loans. The Peer-to-Peer Finance Association is the highly-respected trade body of p2p lenders in the UK and they plan to put rules in place for the various lending platforms to make sure that […]
May 23, 2015
Lendit Conference: Closing Keynote by Prosper's Ron Suber [Video]
Well, here's another reason for me to be upset that I missed the LendIt conference in New York this year. The LendIt conference hosted by Peter Renton of Lend Academy was a huge hit. The excitement was bubbling over in the speakers and the bright future of peer-to-peer lending was being celebrated and plans for […]
May 23, 2015
Peer-to-Peer Business Lending: Prime Meridian Gets Into P2P Business Loans
From www.pmifunds.com - Prime Meridian Capital Management, specializing in online peer-to-peer lending, launched its new fund, Prime Meridian Small Business Lending Fund on 7/1/14, giving investors the opportunity to invest in the growing sector of peer-to-peer business lending. Prime Meridian’s Income Fund was one of the first P2P lending funds in the United States, with […]
May 22, 2015
AP Finance Writer Discovers Peer-to-Peer Lending & Avoids The Bank
From finance.yahoo.com - When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into […]
May 22, 2015
P2P Loan Startups Raised 15 Billion In 2014, Headed For More In 2015
From www.vator.tv - With two lending startups, Lending Club and OnDeck Capital, both going public last year, it seems kind of obvious that the space is starting to mature. Another sign is how much funding the category was able to rise in 2014. So much, in fact, that it was the most ever for the […]
May 22, 2015
Zopa & Metro Bank Deal Signals Longevity For P2P Lending
From www.bridgingandcommercial.co.uk - Peer-to-peer lender Zopa has announced a ‘first of its kind in the UK’ partnership with Metro Bank which indicates confidence in the market... Zopa says it’s a clear signal that some parts of the UK banking sector are embracing P2P lending as a new asset class. CEO and Zopa co-founder Giles Andrews […]
May 7, 2015
Derivatives Trading & Peer-to-Peer Lending Is Inevitable
From www.bloomberg.com on derivatives trading - It began with a seemingly wacky idea to reinvent banking as we know it. But no one is scoffing at peer-to-peer lending anymore -- least of all, Wall Street. Barely a decade old, “P2P” has gone mainstream and is now being co-opted by some of the big financial players it […]
May 6, 2015
Medical Loans Are Becoming a Target For Peer-to-Peer Lenders
From www.bloomberg.com - Many everyday Amercans are feeling the pain of high medical bills, many have seen health care cost shoot up and they have no idea how to force lenders to compete to give low rate loans. But some folks are wising up and getting the funding and medical attention that they desperately need. […]
