U.S. President Barack Obama (L) points to Senate Banking Committee Chairman Christopher Dodd (D-CT) (C) and House Financial Services Committee Chairman Barney Frank (D-MA) after signing the the financial reform bill into law during a ceremony at the Ronald Reagan Building and International Trade Center July 21, 2010 in Washington, DC. A sweeping expansion of federal financial regulation in the wake of the worst recession since the Great Depression, the bill will create a consumer protection agency, lay out a blueprint for disassembling financial entities considered "too big to fail," as well as many other reforms. (Photo by Chip Somodevilla/Getty Images)

The Daily Dig for Thursday, July 31

Japanese P2P launches up front pay service

Exchange Corporation has launched Paidy, an up front pay service which takes advantage of the work Exchange Corporation has done to identify credit-worthy borrowers.  Jonathan Shieber has more.

P2P Privlo set to expand following capital infusion

Privlo provides real estate loans to high-quality borrowers who fall through traditional lending cracks.  The $3.8 million they just received in seed funding will allow it to expand across the United States.  JD Alois has the details.

First New Zealand equity crowdfunding and P2P licenses awarded

New Zealand has awarded its first P2P and equity crowdfunding licenses.  While scant with details, the interesting aspect is the level of support given by the government minister.  Read more here.

CommuterClub uses P2P to fund loans for annual public transit passes in UK

Despite being able to save a decent percentage overall, few Brits purchase annual passes for public transportation.  A new P2P initiative has a solution for that.  Read more here.

America’s credit addiction undermining Dodd-Frank

Ever get frustrated at the inaction in ending too big to fail?  Look at your personal financial statement.  You may be part of the problem, says Nicole Gelinas.

TBTF GAO report due later today

The financial services community is eagerly anticipating the report which was requested by Sherrod Brown and David Vitter.  It is expected to provide comment on whether or not the big banks enjoy an advantage over their smaller brethren.  Kevin Cirilli has the pregame show.

Large capital outflows from banks may follow interest rate hike

The big banks could see $1 trillion vaporize as institutional investors pull their money out in search of higher returns following the end of QE.  Tracy Alloway and Camilla Hall look at the potential impact.

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