Some Major Media Outlets Still Don’t Get Peer Lending
Lending Club’s recent turmoil generated quite a bit of media coverage over the past week.
- Alex Neporozhniy
- 4 Comment
Lending Club’s recent turmoil generated quite a bit of media coverage over the past week.
Today, for the third time in 6 months, Lending Club has raised the interest rates charged to borrowers.
The percentages of investors and borrowers are based upon the population of the state and how many actual investors are within these states.
The Federal Reserve uses interest rates as a mechanism for controlling the overall US economy.
This is a basic overview of Peer Lending (or Peer to Peer, or Crowd Lending, or Marketplace Lending) from Emmanuel, who gave this presentation at our Seattle Meetup on October 8th, 2015.
With Lending Club continually adding to their growing list of states that meet their “State and Financial Suitability Requirements” we thought about what it means to invest and be an investor.
LendingRobot is going through a big change today for new investors.