Facebook Twitter Instagram
    Trending
    • America’s 10 Most Affordable Golf Towns
    • Zumper’s National Rent Report for May ’23
    • NMHC & NAA Statement on Recent Supreme Court WOTUS Ruling
    • Boost Short-Term Rental Revenue by Upselling Amenities to Guests
    • Large Southern Cities Lead Nation in Growth
    • Single-Family Built-for-Rent Construction Cools
    • Pending Home Sales Unchanged in April
    • New Home Sales 4.1% in April
    Twitter
    Real Estate Investing Today
    • Home
    • RE Journal
    • ROI Magazine
    • National REIA
      • National REIA
      • Find a REIA near you!
    • Podcasts
    • Housing Data
    • Contact Us
    Real Estate Investing Today
    You are at:Home»Crowdfunding»A Year in Review: Crowdfunding and P2P Lending 2016

    A Year in Review: Crowdfunding and P2P Lending 2016

    0
    By John Notorgiacomo on January 16, 2017 Crowdfunding

    At the end of one year and the beginning of the next, it’s important to look back at how the previous year went, as well as to look at some major events that occurred during that time. The industry certainly made a lot of progress in 2016, with the Jobs Act being updated and the Fix Crowdfunding Act being drafted. U.S. Legislation aside, we’re going to review the top 5 biggest events to happen in the industry in 2016 and talk a little about their implications.

    1. Renaud Laplanche resigned as CEO from Lending Club
      • Both surprising and disappointing, we were sad to see Renaud go, as he was one of the original industry leaders. It did have a negative impact on some of the lending platforms for the final quarter or so.
    2. The Office of the Comptroller of the Currency announced a new, incoming for 2017 Fintech Charter
      • The OOC is seeking public comment on the fintech charter and it can potentially create a new or modify the current regulatory structure for market place lending.
    3. Goldman Sachs Launches Consumer Lending Platform, Marcus
      • An example supporting the following point the hybrid is taking over
    4. The Pure Marketplace Lending Model is Dead the Hybrid Takes its Place
      • This is an opinion supported by many of the leaders in the industry due to the disruption in the capital markets. In all, this would make sense, as the Hybrid model would represent a synthesis of how lending was done previously and how we’ve been doing it more recently.
    5. Supreme Court Denies Petition to Hear Madden v. Midland
      • For those of you unfamiliar, this case is about whether or not an issuing bank can use their (typically) home-state interest rate cap in other states. While this is viable in some cases, wherein the state they would be exporting the rate to has a higher cap than their own, often times, the usury cap for the 2nd state is lower and that’s where the issue arises. So, because the Supreme Court refused to hear it, the Second Circuit’s decision is what we are left with and all loans are being kept in NY, CT and VT.

    And there you have it, the top 5 interesting events to happen in the industry during 2016. Have some different conclusions or events you think were more important? Let us know what you think!

    If you’d like to read more, please check out Lend Academy.

    Share this:

    • Click to email a link to a friend (Opens in new window)
    • Click to print (Opens in new window)
    • Click to share on Twitter (Opens in new window)
    • Click to share on Facebook (Opens in new window)
    • Click to share on LinkedIn (Opens in new window)
    • Click to share on Pinterest (Opens in new window)
    • Click to share on Reddit (Opens in new window)

    Related

    John Notorgiacomo
    • Website
    • Twitter

    Social Media Strategist, REIFA

    Related Posts

    America’s 10 Most Affordable Golf Towns

    Zumper’s National Rent Report for May ’23

    NMHC & NAA Statement on Recent Supreme Court WOTUS Ruling

    Comments are closed.

    Emergency Rental Assistance
    Action Alert HR 5013 – Seller Finance
    https://youtu.be/WP-IAtGnPsQ

    Click here to visit the National REIA Legislative Action Center.

    Stay Informed!

    Simply enter your email address in the space below to receive our latest posts right in your mailbox! It's FREE!

    Join 877 other subscribers
    Podcasts
    podcasts
    Survey of the Quarter:
    • Most Recent Posts
    June 1, 2023

    America’s 10 Most Affordable Golf Towns

    June 1, 2023

    Zumper’s National Rent Report for May ’23

    May 31, 2023

    NMHC & NAA Statement on Recent Supreme Court WOTUS Ruling

    May 31, 2023

    Boost Short-Term Rental Revenue by Upselling Amenities to Guests

    Benefits of Joining National REIA
    Click here to find a REIA!
    The Latest issue of the RE Journal
    Follow us on Twitter: @REI2Day
    My Tweets
    Keyword Search
    Real Estate Investing Today
    National Real Estate Investors Association
    2755 Mansion Place
    Crestview Hills, KY 41017
    888-762-7342
    www.NationalREIA.org
    Top 100 Real Estate Investing Blogs & Websites on the Web
    Categories
    About Real Estate Investing Today

    Real Estate Investing Today is the news aggregation site for the National Real Estate Investors Association (NREIA) and features news & industry updates to help investors stay informed. Learn more at www.NationalREIA.org

    Media Inquiries

    Media Inquiries Click here

    Copyright 2023 Real Estate Investing Today

    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology
    Copyright 2022 Real Estate Investing Today
    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology

    Type above and press Enter to search. Press Esc to cancel.