Loanio Goes Quiet… Period

Found in my email… Loanio registering to sell “Borrower Member Payment Dependent Notes”

Loanio, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to Notes it will offer on its peer-to-peer lending website. A copy of the registration statement may be viewed at SEC.gov.

A registration statement relating to the securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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Globefunder Medical Bill Collections Not P2P Lending

IOUSOS by Gloubefunder presented at Finovate.  IOUSOS is a medical bill collections portal.  I was a bit surprised at first, but I suppose if you find a willing partner and you can provide the service then why not.  It is an interesting idea.
My only question was if this become wildly successful won’t it become standard [...]

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Welcome Back Prosper Lenders?

I will be attending Finovate Startup today (where Prosper is scheduled to speak). I will be live Twittering at http://twitter.com/BlogTrafficExch
Just in my email Prosper:
Dear Kevin,
Prosper is back with even more ways for you to earn a great return.
To activate your portfolio plans and to start investing right now, sign in and review our new
Lender Registration [...]

Continue reading → Welcome Back Prosper Lenders?

Microlending Now Paying 5 Percent

Microlending is a popular means of borrowing money because small loans are capable of making large differences for many people. Not only is microlending popular for borrowers, but it also benefits those individuals who are willing to give out loans as well. Some microlending websites, like Microplace.com offer interest in the loans that you give [...]

Continue reading → Microlending Now Paying 5 Percent

Pertuity Direct Launches

http://www.pertuitydirect.com/docs/launch_press_release.pdf
Pertuity Direct Launches Next Generation Social Finance Platform
Company Brings Together the Advantages of Capital Markets, Social Networking and Traditional Banking
Vienna, VA, January 22, 2009 – Pertuity Direct, an online consumer financial services company built on the foundation of mutually responsible banking, today announced the launch of its next generation social finance platform. Pertuity Direct’s platform [...]

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Pertuity Direct in the New Year

In my inbox today….

Dear Friends of Pertuity Direct,
As we wrap up 2008, we thought it would be a good time to check in with you and share the great progress we have made as a company.
If you have been keeping tabs on the space, you know that the social lending industry has been pretty interesting [...]

Continue reading → Pertuity Direct in the New Year

Prosper Marketplace Auctioning Debt

The Baltimore Sun is reporting the Prosper Settlement.
A settlement for $1 million dollars paid to 20 different states was announced today, with Prosper Marketplace agreeing to the payout after complaints poured in claiming that the peer-to-peer lending service was selling securities that were unregistered.
Prosper Marketplace is a business model that matches up those who want [...]

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Prosper Ordered to Cease and Desist by SEC

http://www.sec.gov/litigation/admin/2008/33-8984.pdf
It appears to me that the ruling is that they have been selling unregistered securities without a license.  What does that mean for the lenders?  
Doesn’t the board and company officers have some personal liability too?
There is some discussion at prospers.org: http://www.prospers.org/forum/prosper_order_to_cease_and_desist_by_sec-t10903.0.html
No one seems sure just yet…
SEC:
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933 Release [...]

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My Zopa CD is No More

I received the following email… I had known it was coming: Zopa Shuts Down US Branch
With all of the turbulence in the financial markets these days, we want to let you know that your Zopa CD is as safe and secure as ever. As you know, your Zopa CD was issued by Provident Credit Union. [...]

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Lending Club Reopens to California Lenders

http://blog.lendingclub.com/2008/11/14/welcome-back-fellow-californians/
After opening partially at the time of registration with the SEC Lending Club has now reopened to California lenders…
Congrats Lending Club!
Keeping this one short and sweet as it is Friday night…
Related Posts Lending Club Forum Having just signed up for Lending Club, my bank account has not yet been verified.  [...]

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