Marketplace Financing News Roundup– November 3

Throughout the week I share the current marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most fascinating news products and post from the past week and share them here.

FTC puts trainee lenders on notification by pointing out misleading advertisements at SoFi from American Lender– The FTC has actually accepted a settlement with SoFi over claims it exaggerated how much debtors might conserve by re-financing their trainee loans.

Upgrade, Inc. Completes$282 Million Securitization from PR Newswire– The information of Upgrade’s first securitization have been released. It was a $282 million ranked handle participation from almost 20 banks and asset managers.

Clash of clans … or new bank versus old bank (Fidor, BPCE) from The Finanser– Fascinating piece by Chris Skinner talking about the difficulties when a big bank gets a brand-new digital bank.

Provide Academy online forum is where financiers go to discuss p2p lending. Below are some topics that were being discussed today. FICO rating inflation– An intriguing discussion on FICO ratings gradually. Members’Ideas and Experience with StreetShares– A StreetShares financier shares their ideas on deal availability. Is LC no longer thinking about retail investors?— Some forum members question whether LendingClub is still focused on the retail financier.

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