Weekly Industry Update - Alternative Return Metrics: Cash on Cash Return
By Vy Phan
May 8, 2017
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Cash on Cash Return
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- What’s Next in Fintech Lending? - PeerIQ Breakfast and Panel Discussion
- PeerIQ will host a panel on May 9th at 9AM featuring a roundtable discussion led by Peter Rudegair of WSJ and joined by thought leaders including: Zhengyuan Lu, principal at Victory Park Capital, Greg Nowak, partner at Pepper Hamilton and Ram Ahluwalia, CEO of PeerIQ.
- Space is limited to 20 slots, so please RSVP to confirm attendance.
- FRALLC’s Bank/Alternative Lender Strategic Partnership Summit on May 10-11 in New York. Ram will speak on the “Tapping Secondary Markets: Securitization & Liquidity” panel on Tuesday May 11 at 2:00PM.
- Use our discount code to get 15% off your registration: FSM409.
PeerIQ in the News:
- Online Lenders Feel the Pinch (Bloomberg, 5/5/17)
- Avant’s First 2017 ABS (PeerIQ), Rated: AAA (LendingTimes, 5/2/17)
Industry Update:
- Fintech Charter in Limbo with Changing of the Guard at OCC (Bloomberg, 5/4/17) The federal initiative to issue national bank charters to financial technology companies looks to be stuck in neutral with the departure of Thomas Curry as Comptroller of the Currency.
- Lending IPOs Find Cautious Investors Amid Consumer Credit Fears (Bloomberg, 5/5/17) China Rapid Finance follows Elevate Credit in becoming the second consumer lender to go public this year.
- Goldman Embraces Banking’s Bland Side: Lending Money (WSJ, 5/1/17) Goldman Sachs is moving to a range of new lending businesses—financing corporate takeovers, lending against mansions and making personal loans for things such as kitchen remodels.
- Online Lender Prosper Says System Error Overstated Loan Returns (Bloomberg, 5/4/17) Glitch affected majority of loan investors, spokeswoman says, error has been fixed and didn’t affect tax documents or cash.
- Funding Drought Threatens Business Lenders (AB Alert, 5/5/17) A potential liquidity squeeze for online small-business lenders incites nervousness.
- Banks Pull Back on Car Loans as Used-Auto Prices Plummet (WSJ, 5/3/17) After years of revving up auto loans, the banking industry is sounding a more cautious tone due to declining re-sale values.
- Artificial Intelligence Geared to Erase Capital Markets Jobs: Study (WSJ, 5/3/17) Capital markets firms could spend $1.5 Bn on AI technologies this year, growing to $2.8 Bn by 2021.
- Milken Institute: A Conversation with Treasury Secretary Steve Mnuchin (Milken) Mnuchin seeks to simply the "black box" of bank capital & liquidity rules, and pursue corporate tax reform.
Lighter Fare:
- Warren Buffet 2017 Annual Investor Letter (Berkshire Hathway) The Oracle of Omaha is optimistic on the outlook for American innovation, productivity gains, and entrepreneurial spirit.