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Prosper, a PtoP lender that was forced to stop operations 9 months ago by the SEC, finally received approval to begin operations again. The real question though is about the viability of PtoP...
As banks clamp down on consumers' ability to get credit, alternative credit sources could be getting a boost.
On Friday, the Securities and Exchange Commission gave its blessing for Prosper.com...
There has been a lot of discussion in the process about why solid, credit worthy businesses can't get loans or financing from banks. The article below explains why.
Most of the large banks have...
Currently, we have just a single company, Lending Club, in operation, but they were crippled much of the year by a dark period as they spent hundreds of thousands of dollars meeting SEC...
For months, Clark has been telling you about the student loan market collapse and the troubles it has caused for students and parents alike. The tightening of lending has made it particularly hard...
On April 23, I interviewed Kevin Walker, the Founder and CEO of SimpleTuition.com, a website that helps students and families navigate the complex world of student loans. We discussed how the...
In a move co-ordinated with three European central banks and the Bank of Canada, the Federal Reserve expanded its securities lending to enable bond dealers to brrow upto $200 billion of treasurys...
The site prosper.com provides investors (lenders) and entrepreneurs (borrowers) a marketplace to be matched. By eliminating the banks or lending company from the equation a lot of fees are reduced...
S&P and Moody's those venerable rating institutions totally missed the coming storm on the sub-prime market. Until June sub-prime bonds were rated AAA. Most are now junk.
So much for the experts.
It's starting in Massachusetts but watch out, it will be coming to a city near you. Big bailouts of borrowers to overextended themselves. I should have done the same to get a government hand-out....
Jacqueline Novogratz, Stanford MBA '91 has combined her business experience with a desire to help the poor in developing countries. The Acumen Fund provides loans to businesses that sell products...
Good summary of the social lending, or P2P lending market. In it, site's enable users to lend to each other, bypassing banks altogether. It's nascent but has potential.