P2P Lending

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P2P lending overview

http://en.wikipedia.org/wiki/Person-to-person_lending

Person-to-person lending (also known as peer-to-peer lending , peer-to-peer investing , and social lending ; abbreviated frequently as P2P lending ) is a certain breed of financial transaction (primarily lending and borrowing , though other more complicated transactions can be facilitated) which occurs directly between individuals or "peers" without the intermediation of a traditional financial institution.

US market size forecast

As the global credit squeeze leads banks to tighten their lending, a niche industry is emerging as the eBay of consumer loans: peer-to-peer lenders.

http://www.usatoday.com/money/perfi/credit/2007-12-25-peerlending-min_N.htm

http://blogs.wsj.com/wallet/2009/01/22/peer-to-peer-lending-refuses-to-die/

Even as established players hit regulatory hurdles and face rising delinquencies, new ones are still setting up shop.

P2P Lending Refuses to Die

P2P Lending Lures Investors

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http://www.sacbee.com/business/story/1987864.html

Flourishing amid the credit crisis?

P2P lending and the crisis: not dead?

http://news.cnet.com/8301-17939_109-10068507-2.html

Stories this morning in the New York Times , TechCrunch , and Valleywag are spelling the doom of the peer-to-peer lending business. Battered by high default rates, regulatory blocks, and investors skittish to fund new concepts with their own cash, the model appears to be one for happier times. In this economy, who wants to monkey around with flaky Web 2.0 financial instruments?

Peer-to-peer lending Prosper is one of my favorite startups, on a personal level, since what they are doing with peer-to-peer loans makes the market more efficient and generates gobs of graphs to play around with.

http://andrewchenblog.com/2008/09/02/prospercom-and-peer-to-peer-lending-in-the-economic-downturn/

P2P lending and the downturn

http://techcrunch.com/2008/10/16/prosper-and-other-p2p-lenders-get-squeezed-by-the-credit-crunch/

Or squezed?

Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

Last month, peer-to-peer lender Prosper stopped all new lending on its site because of scrutiny by the SEC . Prosper agreed to register under the Securities Act, a process which can take months. Yesterday, the SEC issued its formal cease-and-desist letter (embedded below or download PDF ), outlining its reasoning for characterizing Prosper as a seller of investment, something prosper had vigorously resisted in the past by arguing that it was merely a marketplace matching lenders and borrowers. But the SEC is having none of that.

US regulatory issues

http://techcrunch.com/2008/11/26/sec-outlines-its-reasoning-for-shutting-down-p2p-lender-prosper/

Good news for P2P lending and trading platform Prosper as it concludes its 9-month hiatus during which it was not allowed to continue its loan operations in the United States. The Securities and Exchange Commission is now greenlighting Prosper to facilitate peer-to-peer lending in 14 states with more on the way, borrowing nearly nationwide. Prosper is now the first and thus only Internet auction-based P2P loans platform to have its registration statement declared effective by the SEC, which is evidently good news for other players in the P2P lending industry, such as Lending Club . SEC’s approval of Prosper’s secondary marketplace, which enables people to loan money directly to other individual and institutional investors, comes a couple of months after the startup had already reignited its lending platform in the State of California ( update: and apparently had to suspend it again a few days after). Chris Larsen , CEO and co-founder of Prosper, is happy the dry period is over:

SEC Greenlight

http://blog.prosper.com/2009/07/13/welcome-back-lenders/

Prosper is Back!

Finally… the moment we and so many supportive and loyal Prosper community members have been waiting for…

In Europe too

Dutch p2p lending site Boober.nl is in big trouble.

DB report

How it works? - Prosper case study

Players

more than lending?

We kicked off the Semantic Wave series about creative destruction in major markets with the “mother of all markets”, financial services. You can see the three intro blogs here , here and here . This caught the eye of Frederic Baud an entrepreneur who is passionate about the disruptive possibilities of P2P (Peer To Peer) financing. Read on for our interview with Frederic: Tell me about your background. FB: I’m actually an entrepreneur that recently came to the financial services world.

Nicolas Guillaume: Contexte rglementaire du Prt entre Particulie

Quand on évoque le Prêt entre Particulier en France, une question émerge rapidement "Est-ce légal ?".

Nicolas Guillaume: Contexte reglementaire du Pret entre Particul

Ce billet fait suite au précédent sur les différents modèles du Prêt entre Particuliers .

Washington , D.C. – October 20, 2009 – Amid historic regulatory reforms being considered by the new administration and lawmakers on Capitol Hill, the Coalition for New Credit Models announced its formal launch today as its representatives descended upon Washington. The Coalition is made up of non-profit, for-profit, and social enterprises using new technologies, products and business models to provide credit and information to millions of consumers and small and midsized businesses.