The Daily Dig for Friday, July 18

Make sure you visit often as we are live blogging from the Global Real Estate Crowdfunding Conference in San Mateo throughout the day.

P2P could shave £ Billion from U.K. credit card debt

Madison LendLoanInvest is one of the many new disruptors seeking a niche in debt refinancing by providing a cheaper option for those refinancing while providing an attractive investment option too.  J.D. Alois explains how they believe they can cut U.K. credit card debt in half.

Funding Circle adds Wall Street heavy hitter to board

Perella Weinberg CEO Bob Steel has been CEO of Wachovia and is a past US Treasury Undersecretary.  The former New York City Deputy Mayor has been named to the board of Funding Circle.  Mark DeCambre has more.

Greycroft’s Alan Patricof on how crowdfunding will open doors for startups

Mr. Patricof recently told CNBC why he believes crowdfunding will bring huge benefits to startups.  Watch the video here,

Aussie big banks may need $23 billion to comply with tighter regulations

The penance for being too big to fail in Australia may drive their Big 4 to Lending Club for some cash, given they may need to check the couch for $23 billion.  Michael Bennet has the sad tale.

Biggest banks, biggest risk

That the biggest U.S. banks carry significant risk is no surprise.  Just how big still needs to be determined.  A Senate meeting next week hopes to take a step in that direction, says Ryan Tracy.

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