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MonJa Monthly News Update- March 2016

In Industry News by Kitty LinLeave a Comment

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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