Prosper demonstrates the huge growth for its platform and the peer lending industry in 2014 with an infographic I’ve reposted below and available on the Prosper site here. Will the momentum continue? You tell me. Prosper originated $205 million in loans through December, its best month ever. Prosper originated $1.6 billion loans during the year for 123,000 people. Amidst all the enthusiasm … [Read more...]
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Is this the End of Bank Lending?
Bank Lending has only just started to rebound after the financial crisis and new regulation could put it back down for the count. Can alternative forms of financing pick up the slack and support the economy? I recently derided the banks in a recent blog post on peer lending risks for not stepping up to lend down the $2.6 trillion in excess cash they hold beyond federal requirements for U.S. … [Read more...]
Must Read Peer Lending News this Week
Must read peer lending news is a weekly post on Tuesdays highlighting the biggest and most interesting stories throughout the peer lending industry. I've summarized each article but please click through for more information. Be sure to share the post with others in the industry and let me know if I've missed any important news. Register on our email list to get all the most important news … [Read more...]
