by Vy Phan | Oct 17, 2016 | Blog
The CFPB ruling and Marcus platform dominated headlines this past week. The CFPB was ruled unconstitutional by the United States Court of Appeals for the District of Columbia Circuit in a landmark decision on October 11th, but rejected the idea of shutting down the...
by Vy Phan | Aug 31, 2016 | Press
Bloomberg By Adam Tempkin and Matt Scully (August 30, 2016) Last week’s approval of the first-ever non-listed closed-end fund dedicated to the marketplace lending (MPL) sector for RiverNorth Capital Mgmt presages the launch of several others in the pipeline, PeerIQ...
by Vy Phan | Aug 28, 2016 | Blog
Last week saw the final registration and approval for River North Marketplace Lending Corp, a non-listed, closed-end, 1940 Act fund fully-dedicated to the marketplace lending sector. Registration docs can be found here. With a target offering size of $1 billion, the...
by Vy Phan | Aug 21, 2016 | Blog
Prosper announced Q2 earnings this week. We summarize key statistics below, and focus this week’s newsletter on the components of the Loan Purchase Agreement. Anatomy of a Loan Purchase Agreement Purchasing raw whole loans involves substantial legal and administrative...
by Vy Phan | Aug 14, 2016 | Blog
Last week LendingClub and OnDeck both held earnings calls for Q2 2016. LendingClub and OnDeck have sharply different business models. LendingClub operates as a marketplace platform with generally no credit risk on its balance sheet; OnDeck retains a significant...
