Topic
P-to-P Lending
Companies that allow friends and strangers to lend and borrow money online are becoming more accepted within the financial services industry, but are also facing more regulatory concern. Some have had to temporarily shut down to revamp their business models, but have emerged with new services, notably secondary markets. One thing is clear: you don't need to be a banker to make a loan, and you don't need to visit a bank to get one.
Five Years On, Prosper Still Trying to Serve Risky Borrowers
American Banker | Jun 02After rethinking its open-door policy on a number of occasions, Prosper Marketplace has decided again to drop its high-risk category of borrowers, only to bring it back a month later.
Lending Club Partnerships to Draw Borrowers
American Banker | Jan 13Lending Club's new partnerships show that its model, wherein borrowers seek loans funded by individuals rather than financial institutions, can be a consumer's first choice ...
Prosper Ditches Auction Pricing for Model Like P-to-P Rival's
American Banker | Dec 20Prosper Marketplace has decided it no longer wants to be the eBay of lending and is abandoning the auction-style model it has used to establish interest rates for its loans.
WikiLoan (No Relation) Joins Peer-to-Peer Lending Fray
American Banker | Dec 10The name 'Wiki' may seem an odd fit for a financial company these days, but a new peer-to-peer loan company, WikiLoan, hopes to make it work.
At Prosper, the Model Changes and So Do Perceptions
American Banker | Oct 27Prosper Marketplace, which once presented itself as the consumer advocate of the lending space, is now being cast as a stain on the resume of an adviser with the CFPB.
Intuit’s Mint to Offer Lending Club Loans
American Banker | Jun 30Intuit Inc. has agreed to offer personal loans facilitated through Lending Club as an option to users of its Mint.com personal finance section who are looking for ways to ...
Prosper Marketplace Raises $14.7 Million
American Banker | Apr 16Prosper Marketplace Inc. said Friday that it raised $14.7 million in venture capital funding from two new investors and several previous financial backers.
Lending Club Gets $24.5M in Capital
American Banker | Apr 14Lending Club Corp. said Wednesday that it has raised $24.5 million in venture capital funding.
U.K.'s Virgin Money Rewriting Its U.S. Plans
American Banker | Jan 14Sir Richard Branson's foray into U.K. financial services is gathering speed, but in this country, he needs a new driver.
With E-Transfers, Banks Target Gen-Y Payments
American Banker | Dec 17A new generation of P-to-P money transfer services is quickly gaining traction with banks, offering a way to regain a share of the electronic payments that was ceded ...
Survey
Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
