Largest UK crowdfunded company fail
Oh, the irony. A company which crowdfunded £816,790 less than a year ago to investigate financial mis-selling appears to have gone under, taking clients’ investments with them. Adam Palin and Aime Williams report.
Regulated crowdfunding: Canada may have it right
Oscar Jofre travels the world to speak about crowdfunding, learning about local regulations along the way. He returns home to the country that may have it right – Canada. Learn more here.
Online lenders face serious legal hurdles
If regulators force a decoupling of online lenders and banks, the former could be in trouble, writes Kadhim Shubber.
South Korea firm partners with Chinese P2P in new venture
South Korea’s Hanwha Group, which had made its name in defense and chemicals, is partnering with Chinese marketplace lender Dianrong to launch a venture in Singapore. Learn more here.
Big bank finally adopting debit card lock feature
Bank of America has joined the nearly 200 credit unions and community banks who offering a debit card lock feature, technology which as existed for a few years. Ann Carrns reports.
FDIC making life hard for marketplace lenders
The latest issue of the FDIC’s periodical continues the regulator’s suspicious views on marketplace lending. Richard Eckman and Philip Hoffman report.