China’s p2p lending market has been under extreme pressure in recent years as the number of platforms has shrunk to...
Chinese regulators released a draft of new rules for Chinese p2p lending platforms today. According to several reports, the China Banking Regulatory Commission...
The EU is working on a license for crowdfunding and p2p platforms to operate across multiple countries across Europe; the aim is to simplify the work required in each specific country to operate; AltFi shares perspectives from multiple platforms in Europe on the plans for a license. Source
The Federal Reserve released a report saying that P2P loans resemble predatory loans; the report cautions on the industry’s rapid origination growth and rising defaults; they also say the industry as a whole has the potential to destabilize consumer balance sheets; the research also shows taking out a P2P loan hurts credit scores and credit card balances increase; the report also points to the benefits of taking out a loan as well. Source.
Deutsche Bank has shared details of Funding Circle’s fourth securitization which will be their largest to date; it includes 3,030...
Operation Fox Hunt is the coordinated effort by Chinese police to search the region to find p2p fraudsters as the...
Last Friday Peter and I had the honor of joining the CreditEase team on the NYSE floor to ring the...
The Financial Conduct Authority (FCA) has released their annual Sector Views report; it warned of high-risk retail investments, calling out...
The ratings agency has put out a warning on the performance of loans on US peer to peer lending platforms;...
Last year we featured GROUNDFLOOR who was the first p2p lending firm to leverage Regulation A+ in Title IV in...