Here are some of the top stories and trends of March 2016 for marketplace lending investors and industry watchers:
Industry News:
03-04-16—NYHFR Survey: P2P Lending Increasingly Popular Among Alternative Asset Manager (FINalternatives)
03-07-16—CFPB Releases Consumer Bulletin on Marketplace Lending and Announces It Is Accepting Consumer Complaints (JSUPRA)
03-14-16—Unanswered Questions in Online Lending (FT Alphaville)
03-14-16—More Trouble in Bonds Backed by Peer-to-Peer Loans (Bloomberg)
03-15-2016—Dumb Money Meet Dumb Lender (FT Alphaville)
03-16-2016—Reality Check for Marketplace Lenders (American Banker)
03-16-16—Marketplace Lending Witnessing Exponential Growth: Morgan Stanley (ValueWalk)
03-17-16—Moody’s: Underwriting of marketplace consumer lending platforms is untested through stressed economic cycles and poses unique credit risks (Moody’s)
03-21-16—Supreme Court Throws Curveball in Big Case for Online Lenders (American Banker)
03-23-16—Marketplace Lenders Win 20% of Small Business Loan Apps, Fed Says (Bank Innovation)
03-26-16—A ripple of fear (The Economist)
Platform News:
03-04-2016—SoFi plans to start real estate investment trust (Bloomberg)
03-08-2016—SOFI Launches A Hedge Fund (4-traders)
03-07-2016—JP Morgan Offers Asset Backed Bonds Tied to LC Loans (Bloomberg)
03-16-16—Kroll Bond Rating Agency Assigns Preliminary Ratings to Citi Held for Asset Issuance 2016 (BusinessWire)
03-22-2016—Loan Depot Announce Partnership with Avant (Yahoo Finance)
03-22-2016—Avant Expands into Auto Lending (American Banker)
03-25-2016—Bond Offering Tied to Prosper Marketplace Loans Gets Chilly Reception (WSJ)
03-28-16—Lending Club: The Sentiment is too Negative (SeekingAlpha)
03-31-2016—Fitch Rates Citi Held for Asset Issuance 2016-PM1 (Business Wire)
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