Here are some of the latest peer-to-peer lending and financial innovation stories from around the web:

  • Roundup of Social Lending News – February 25, 2012 – 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. We have an interesting collection of articles this week. It was sad to see that CommunityLend, the Canadian…
  • Ratesetter Adds More P2P Lending Choices – Ratesetter yesterday added more choices. Borrowers can select loan terms of up to 5 years.  Lenders can invest money for 1 or 5 years (in addition to the existing monthly access and 3 year term choices). It is interesting that Ratesetter has decoupled the borrower’s products from the lender’s products. For a borrower loan with…
  • Personal loans: it’s all about the rate isn’t it? – Personal loans: it’s all about the rate isn’t it? When looking for the best deal on a loan, most of us will – sensibly enough – look for the lowest interest rate, or ‘APR’ to be precise. Zopa’s most obvious attraction to borrowers is the chance to get a lower interest rate on a loan…
  • Communitylend Closes – Company Focuses on FinanceIt instead – Today Canadian p2p lending site Communitylend announced that it will close the p2p lending marketplace to focus on its consumer lending business. Communitylend will continue to service existing loans; there will just be no new ones.
    Quote from the announcement:
    If you have been following the CommunityLend Peer to Peer (P2P) Lending story over the years…
  • Onwards and Upwards … – If you have been following the CommunityLend Peer to Peer (P2P) Lending story over the years you might have been wondering why we have been so quiet here here recently.   The short answer is that we have been trying to decide how much more time to spend on our P2P Lending site in light…
  • Prosper Tweaks Automated Quick Invest and the API – Prosper released their Automated Quick Invest (AQI) tool back in October. It worked great for a while – it was a totally hands off way for investors to find new loans and invest in them without ever having to login. But as many investors have shared here in the comments on this blog, it started…
  • A New Standard for P2P Lending Data Analysis Launches – Many investors like to do their own analysis of the raw data from Lending Club and Prosper. To do that you have to go to the download area of each site and access the data separately. Then you have to figure out what all the fields mean because both companies store their data in completely…
  • Roundup of Social Lending News – February 18, 2012 – 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. We have an interesting collection of articles for you to read this weekend. Lending Club is featured in…
  • Seasoned Loans for Lending Club Investors – One thing I really appreciate about Prosper is their promotion of seasoned loans over the current ROI. When you buy a note, 5 payments must be missed for the loan to be charged off. In the mean time that note has no impact … Continue reading →…