Market Loaning News Roundup– October 20

During the week I share the most recent market financing and fintech news on Twitter as it occurs. Then every Saturday I take the most interesting news products and article from the previous week and share them here.

Rocky Week for Equities, Strong Bank Revenues, PeerIQ’s Threat Management Tools from PeerIQ– This week’s PeerIQ newsletter brings us the most current industry news as well as a summary of bank revenues and details on the OCC Fintech Charter.

Lendio Milestone: Tops$1 Billion in Company Loans Facilitated Through Online Marketplace from Crowdfund Insider– Online little organisation loan market Lendio has just crossed $1 billion in total loans since creation. Congrats to Brock Blake and the team!

China’s P2P loan providers say policy will trigger industry collapse from Financial Times– In China they are now saying there will be 50-100 p2p loaning platforms left after the regulatory crackdown. That is below over 3,000 a number of years ago and more than 1,500 today.

Online Loan provider Funding Circle Updates on US Loans in Kind D Submitted with SEC from Crowdfund Expert– Interesting piece on the investor development at Financing Circle over the past five years taken from regulative filings.

Major banks target $ 1.5 tn coverage space with trade financing platform from Financial Times– Some of the world’s biggest banks have launched the Trade Details Network to help attend to the trade financing coverage gap.

LendUp to divide in 2 as fintech decides it deserves more in pieces from San Francisco Company Journal– Huge news from LendUp the other day as it appears like they are offering their credit card division.From the Provide Academy Online Forum The Provide Academy online forum is where financiers go to discuss p2p loaning. Below are some topics that were being discussed this week. Is LC no longer interested in retail financiers?– Some online forum members question whether LendingClub is still focused on the retail investor. How could a note with pending payment be noted on FolioFn?— Investment orders in notes on the secondary market that have pending payments will eventually be cancelled.

Why not purchase notes with a premium?– A LendingClub financier inquires about a secondary market financial investment technique.

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