Author Topic: LendingClub Picks Paused Pending API Changes  (Read 16705 times)

brycemason

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LendingClub Picks Paused Pending API Changes
« on: June 20, 2014, 04:15:12 PM »
In mid-June, LendingClub made some changes such that users of its website received access to new loans substantially more quickly than users of its API. As P2P-Picks is reliant on the API to automate its processes, this information gap has caused pick volume to decline precipitously. Thus, we are suspending the picking process until LendingClub has made improvements that enable us to resume our practices.

lascott

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Re: LendingClub Picks Paused Pending API Changes
« Reply #1 on: June 20, 2014, 04:22:06 PM »
Re: caused pick volume to decline precipitously.

Any consideration to just letting it work as best it could ... meaning show the ones that are still available?  That was working OK earlier this week.  Some folks would be happy with that vs nothing. Food for thought.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

brycemason

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Re: LendingClub Picks Paused Pending API Changes
« Reply #2 on: June 20, 2014, 05:01:56 PM »
I thought about it, but decided the full perspective or nothing was the right thing to do.

In other news, we will be working this weekend toward having Prosper support. Looking for partners for Prosper order management presently.

lascott

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Re: LendingClub Picks Paused Pending API Changes
« Reply #3 on: June 20, 2014, 06:01:16 PM »
In other news, we will be working this weekend toward having Prosper support. Looking for partners for Prosper order management presently.
Good news.  That may entice me to get a Prosper account!

[update]Created a Prosper account in anticipation of a P2P-Picks partner that I can invest through.[/update]
« Last Edit: June 20, 2014, 10:49:01 PM by lascott »
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

Rob L

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Re: LendingClub Picks Paused Pending API Changes
« Reply #4 on: June 20, 2014, 06:38:28 PM »
Will be applying for a Prosper account Monday.

BruiserB

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LendingClub Picks Paused Pending API Changes
« Reply #5 on: June 20, 2014, 08:50:21 PM »
Disappointing, but understandable.  I support you taking a stand even if it hurts me in the short term.  I'm hoping LendingClub wakes up.


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eastbiz

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Re: LendingClub Picks Paused Pending API Changes
« Reply #6 on: June 20, 2014, 11:00:07 PM »
I really hope Lending Club will change their policy in regards to API. Great to hear about Prosper support. Competition is always good!

brycemason

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Re: LendingClub Picks Paused Pending API Changes
« Reply #7 on: June 20, 2014, 11:13:15 PM »
If it makes you feel any better, I'm in the same boat. Cash is stacking up.

rawraw

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Re: LendingClub Picks Paused Pending API Changes
« Reply #8 on: June 21, 2014, 07:51:52 AM »
If it makes you feel any better, I'm in the same boat. Cash is stacking up.
It's always fascinating to me how quickly these portfolios self liquidate.

I was staying fully invested even after the change, but I guess I'll go back to the stone age days again for a while ha ha

helzerr

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Re: LendingClub Picks Paused Pending API Changes
« Reply #9 on: June 21, 2014, 06:53:18 PM »
Disappointing move on LC's part; it's motivated me to open a Prosper account...

ljs231

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Re: LendingClub Picks Paused Pending API Changes
« Reply #10 on: June 23, 2014, 02:00:51 PM »
Bryce,

After hearing this, I set up my own BlueVestment filter and am using that right now. Am I also getting the dregs and leftovers going this route?

-Lee

brycemason

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Re: LendingClub Picks Paused Pending API Changes
« Reply #11 on: June 23, 2014, 02:08:21 PM »
Hi Lee. I don't know how BV "sees" new loans. If it is reliant on the CSV/API, then you are not seeing all the loans because people using the website are getting that information 30 seconds faster than BV. LC.com users can run their own filters much faster than third-party sites now (that rely on the API/CSV).

rawraw

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Re: LendingClub Picks Paused Pending API Changes
« Reply #12 on: June 23, 2014, 02:56:35 PM »
Bryce,

After hearing this, I set up my own BlueVestment filter and am using that right now. Am I also getting the dregs and leftovers going this route?

-Lee
Read Anil's series of posts in timing.  He just posted about a subset of loans that time matters so you can see if you are impacted.

ljs231

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Re: LendingClub Picks Paused Pending API Changes
« Reply #13 on: June 23, 2014, 05:17:50 PM »
Saw this after responding to your post in bluevestment forum. Sorry.

mindbowels

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Re: LendingClub Picks Paused Pending API Changes
« Reply #14 on: June 25, 2014, 02:56:14 PM »
Very sad about this :(

Send an email to LC voicing my displeasure.  Hope things can get turned around.  If not, add my voice to the 'something is better than nothing' group but as free users, we get what we pay for.  Thanks Bryce for all you've done so far.