The Daily Dig for Friday, July 11

Famous firsts, back to the future scenarios and a potential potboiler are all parts of today’s Daily Dig.

RateSetter first to receive risk rating

Top UK P2P RateSetter is the industry’s first to receive a risk rating.  JD Alois explains how it works.

Landbay completes U.K.’s first P2P buy-to-let mortgage

The firsts keep on coming everywhere.  Hopefully Washington is paying attention.  A £175,000 mortgage backed by 85 people in the United Kingdom is in the books, with more on the way, writes Elizabeth Henry.

Upstart exec playing loose with facts?

Upstart cofounder Paul Gu recently wrote about the trouble he had securing a loan back in the day.  Prosper and others would not touch him, while Lending Club offered an exorbitant rate beyond 20 percent.  Not so fast, says Lending Club.  Sarah Todd has more.

Indian government looking to the past to tap unbanked cash

India’s unbanked are well into the hundreds of millions.  The new government wants to inject some of that money into an economy that badly needs it, and is using a strategy that worked before.  Jayanta Roy Chowdhury looks at whether it will work this time.

America’s poorest pay rates the rich would never dream of paying

The great contradiction in many economies is that those who can afford to pay more almost always pay less – much, much less.  Cyril Tuohy has a nice piece here.

Bank holding companies structure leads to poor regulation, high risk

The way bank holding companies are structured lends to ineffective regulation due to the differing mandates of the multiple federal agencies involved.  Boston University law professor Tamar Frankel offers solutions.

Chinese media makes rare attack on Chinese bank

Much rarer than a Lebron James free agency decision, Chinese media almost never dump on the banks.  CCTV did today.  Here is a rare look at public conflict inside China.

New companies often ignore intellectual property issues

New entrepreneurs are rightly concerned with budgets, testing and securing investors,  Don’t forget protecting intellectual property too, as by the time you unveil your crowdfunding strategy it may be too late, Mary Juetten says.

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