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

  • Interview with Lending Club CEO Renaud Laplanche – Editor’s note: The interview below was not conducted by me. Another publication conducted this interview and wrote the article but then decided not to publish it. Lending Club contacted me to see if I wanted to publish the article and I agreed because I thought it would be of interest to you. The links were…
  • Roundup of Social Lending News – September 1, 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. It was a very light news week to say the least. The biggest news item of the week…
  • Lending Club Cracks $70 Million, Prosper Has a Down Month – It was another great month for p2p lending with total loan volume for August coming in at $84.4 million. But it was two different stories from Lending Club and Prosper this month. Lending Club Jumps Another $10 Million to $70 Million After first crossing $50 million in new loans issued in June and then $60 million…
  • Maintenance work on Saturday morning – There is essential maintenance work scheduled for the morning of Saturday 1st Sept 2012 from 6am to 8am.  Apologies for any inconvenience caused….
  • The Collections Procedure at Prosper – When I was at Prosper headquarters earlier this month I sat down with Nancy, the operations manager, who is also in charge of loan collections. She walked me through the collections procedure they follow for all borrowers who become past due. For a start she said that around 98% of borrowers are on an automatic…
  • More Loans Means More Choices for Investors at Lending Club – For the first half of this year the number of available loans at Lending Club hovered between 700 and 1,000 loans. Occasionally the number went over 1,000 but it averaged somewhere around 800 loans available to investors at any one time. But in the month of June this changed. By June 21st there was over…