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