This weeks PeerIQ Industry Update looks at strong job growth despite the hurricanes, Lending Club’s investor day and the latest in securitization; Rep. Patrick McHenry accused the Cleveland Fed, who recently had their p2p lending report retracted, of trying to block the bill entitled Protecting Consumers Access to Credit Act; Lending Club’s first Investor day was not received well by the markets as their stock hit all time lows; PeerIQ reviews the full scope of the investor day including positioning & strategy, product & financial innovation, funding mix, investor returns and stress tests. Source.
