The Daily Dig for Tuesday, March 24

P2P’s need borrowers

As institutions suck up prime P2P loans in seconds, little is left. So little in fact, platforms are forming unique partnerships to attract more. Shelly Banjo reports.

European banks must amend living wills

The FDIC chided several banks’ living wills as “not credible” because they rely on unrealistic assumptions and inadequate analysis. Jesse Hamilton explains.

Increased regulation not diminishing bank risk

Too many regulators, yet some areas have little oversight. Bank regulation is screwed up real good. Mayra Rodriguez Valladares reports.

Some U.K. P2P returns to be tax-free

The first £1,000 of peer-to-peer lending income in the United Kingdom will be tax-free, Kate Palmer reports.

U.K. P2P’s to get boost from new government plan

Banks which reject small companies’ loan applications will be required to refer them to peer-to-peer lending platforms as soon as next year, reports Matt Scuffham.

Aussie P2P sector seeing rapid growth

Increased competition and successful funding rounds are evidence of a robust Australian P2P industry. Broede Carmody reports.

Despite massive popularity, prepaid cards unregulated

Ninety-three million Americans who are unbanked or underbanked use prepaid cards. There’s little stopping issuers from taking advantage of them, writes Charlene Crowell.

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