Here are some of the top stories and trends of May 2016 for marketplace lending investors and industry watchers:

Industry News:

05-06-16—U.S. Consumer Credit Ballooned in March at Fastest Pace Since 2001 (WSJ)
05-08-16—Lenders Get Burned Betting on Ivy Leaguers (WSJ)
05-09-16—US Treasury White Paper on Marketplace Lending: Opportunities & Challenges
05-10-16—Online Lenders Already in Turmoil Facing U.S. Call for Rules (Bloomberg)
05-11-16—Fintech conflicts of interest may hurt start-ups (CNBC)
05-12-16—Peer to Fear (Bloomberg)
05-12-16—Blackstone Is Pulling the Plug on Online Consumer Loans (Bloomberg)
05-12-16—Community Bank Group Suspends LendingClub Purchases (WSJ)
05-18-16—Acknowledging the Value of Lending Club, Even as It Stumbles (NY Times)
05-19-16—Lending Club and the Question of Internal Hedge Funds (FINalternatives)
05-20-16—Balance Due: Credit-Card Debt Nears $1 Trillion as Banks Push Plastic (WSJ)
05-22-16—How will marketplace lending become a mainstream investment asset class? (TechCrunch)
05-23-16—Now Begins Marketplace Lending’s Maturity Chapter (American Banker)
05-23-16—Marketplace lending- A temporary phenomenon? (Deloitte)
05-24-16—Auto, Mortgage Delinquencies Climb in Energy Regions (WSJ)
05-25-16—Banks Said to Draw Plans for Cutting Back Online Lending Risk (Bloomberg)
05-25-16—New York Regulator Expands Fintech Probe Beyond Lending Club (Fortune)
05-31-16— Fair Value? (SCI)

Platform News:

05-02-16—OnDeck Reports $12.3M Loss, Stock Price Plunges (American Banker)
05-02-16—SoFi offers equity to tempt new partners (FT)
05-03-16—Prosper Marketplace to Cut Jobs and Shuffles Executives(WSJ)
05-04-16—Fannie Mae approval of SoFi as servicer, seller signals future growth (HousingWire)
05-09-16—Lending Club Reports First Quarter 2016 Results – Chairman & CEO Renaud Laplanche Resigns (Lending Club)
05-09-16—Lending Club Plunges after CEO Quits Firm- Find Loan Sale Abuse (Bloomberg)
05-09-16—Wells Fargo to Launch Faster Loan to Fight Online Rivals (WSJ)
05-11-16—LendingClub Tries to Reassure Investors as Bond Deals Stall (Bloomberg)
05-11-16—LendingClub’s Ties to Fund Under Fire (WSJ)
05-16-16—Inside the the Final Days of Lending Club CEO Renaud Laplanche (WSJ)
05-16-16—LendingClub Subpoenaed by Justice Department After CEO Exit (Bloomberg)
05-16-16—Earnest Completes $225 Million Securitization of Refinanced Student Loans (Market Wired)
05-18-16—OnDeck Closes $250m Securitisation (AltFi)
05-18-16—Lending Club’s legal woes mount as N.Y. regulators subpoena lender (SF Business Times)
05-20-16—Avant lays off 60 people; drops plans for expansion, credit card (Chicago Tribune)
05-20-16—LendingClub taps Jefferies to seek loan funding (Reuters)
05-21-16—Online Lender SoFi’s Bond Deal Receives Highest Moody’s Rating (WSJ)
05-23-16—Shanda Group buys 11.7% stake in Lending Club, sending shares sharply higher (MarketWatch)
05-24-16—Online Lender Prosper Raises Rates for Riskier Borrowers
05-24-16—LendingClub Fund Falters (WSJ)
05-25-16—Blue Elephant to buy loans again from Prosper Marketplace after pause (Reuters)
05-26-16—Online Lending Site Prosper Hires Banks to Explore Raising More Funds (Fortune)
05-26-16—LendingClub Talking With Citigroup About Loan Purchases (WSJ)
05-31-16— Leading Chinese Platform CreditEase Makes First Investment on Avant and Prosper (Lend Academy)

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