Tuesday, June 28, 2022
Tags Peer-To-Peer Lending

Tag: Peer-To-Peer Lending

Zopa cuts lending rates after interest rate cut

Zopa, Britain’s biggest peer-to-peer lending website, will trim the rates it pays to investors next week. Read more: www.telegraph.co.uk

Chinese peer-to-peer ‘basically’ a scam, says billionaire Guo

Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam”. Read more: www.bloomberg.com

RBI to regulate peer-to-peer lending

The RBI has proposed that peer-to-peer lending platforms would be regulated as a separate category of NBFCs. Read more: www.thehindubusinessline.com

Yirendai hit with lawsuits on share price decline 

Several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai who acquired shares at some point during 2016. Read more: www.crowdfundinsider.com

Online lending’s ugly quarter stretched beyond Lending Club

Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more: www.bloomberg.com

China’s strict rules for P2P lenders hit Yirendai’s stock 

China’s P2P lending market is finally getting a little oversight, but Yirendai’s investors aren’t sanguine about it. Read more: www.techinasia.com

Touzhijia.com pulls in $12m for peer-to-peer lending

Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.

Prosper in talks to sell $5bn worth of loans

Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.