Social Lending

President Obama to Sign New Crowdfunding Law This Week

April 2, 2012

It was the 19th century German leader Otto von Bismarck who said, “Laws are like sausages. It’s better not to see them being made.” Despite the warning I have been paying attention to the Crowdfunding bill that made its way through Congress these past few months. It started as H.R. 2930. This was a relatively simple [...]

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Roundup of Social Lending News – March 31, 2012

March 31, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week. According to Marc Prosser, in the Forbes article referenced below, credit card lending has returned 10.5% annually for [...]

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U.S. P2P Lenders Issue $50.8 Million in Loans

March 30, 2012

For the first time ever monthly loan volume at the two big U.S. p2p lenders, Lending Club and Prosper, exceeded $50 million. Their combined $50.8 million This was $3.7 million more than last month and a staggering $29.7 million more than the same month just last year. Even as the numbers are getting larger both [...]

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How Did You Fund Your P2P Lending Investments?

March 28, 2012

If you are a p2p investor the chances are this is not the only investment you have. If it is then you are likely in violation of the guidelines set forth by Lending Club and Prosper. Presumably when you opened your p2p lending account you used money that you had elsewhere. Where did that money [...]

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A Roth IRA is a Great Option for P2P Investors

March 27, 2012

A few weeks ago Jeff Rose, a fellow blogger and certified financial planner was asked to give a speech at his alma mater, Southern Illinois University. He was talking to a group of college seniors about saving and investing. He discussed the benefits of investing in an IRA, in particular a Roth IRA. But when [...]

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Roundup of Social Lending News – March 24, 2012

March 24, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week. I am a bit late with the news roundup this week because today is my birthday. Actually, because [...]

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Surely CNBC You Can’t Be Serious

March 22, 2012

CNBC has a reality show called American Greed. I confess I have never watched it but apparently it profiles people who are out to make a quick buck, often at the expense of others and often in illegal ways. Last night they aired an episode about James Lull, who allegedly ran an investment scam in [...]

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An Inside Look at Zopa – The World’s First P2P Lender

March 19, 2012

When Zopa opened its doors in 2005 it was the beginning of not just a business but of the new industry of p2p lending. Before there was Prosper and Lending Club there was Zopa in the UK. They are still going strong today and are one of the few (maybe only) p2p lenders that made [...]

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Roundup of Social Lending News – March 17, 2012

March 17, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week. The flood of p2p lending coverage out of the UK continued this week with a senior Bank of [...]

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