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More Difficulty In Making Lending Club Investments

Monday, May 6, 2013 - 6:45 AM
Last week I mentioned a CBS MoneyWatch article highlighting the default risks of Lending Club investments.

There’s also another risk: too many investors. Lending Club is reporting that investment demand is starting to outpace loan demand. So it’s getting harder for Lending Club customers to invest.

A few excerpts from the Lending Club blog:
The decrease in visible loans is due to recent record inflow of investors and capital over the past two months (we signed up 2-3 times more new investors last month than average).

Read more

This sounds familiar with what many banks and credit unions are reporting: more deposits than loans. (Hat tip to the reader who emailed me news of this).
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Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
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