November 28th, 2008 — , General from Giles @ Zopa blog
Given there’s been plenty happening recently in the world of P2P finance in the US, including our withdrawal from the US market for the moment, I thought I would share a few thoughts.
We always took the view that the SEC would likely view our platform, as operated in the UK and Italy, as requiring registration [...]
Related Websites - The Lending Club Offers New Alternative for Consumer Credit Following $600 Million SEC Registration Back in April of this year, the Lending Club announced that it would be going into a quiet period due to the beginning of a registration process involving the SEC, the United States Securities and Exchange Commission. Now the Lending Club is pleased to announce that the process has been......
- Prosper Files S1 With SEC Here is a link to the Prosper S1 SEC Filing S1 From Wikipedia (here): Form S-1 is an SEC filing used by public companies to register their securities with the U.S. Securities and Exchange Commission (SEC). The S-1 contains the basic business and financial information on an issuer with respect......
Continue reading → The tricky world of US regulation
November 13th, 2008 — , General from Giles @ Zopa blog
Interesting news today from the Competition Commission re PPI sales. We used to sell this product but stopped for 2 reasons:
1) we hardly sold any, probably because we simply made it available, with no real sales effort. That’s not to say we didn’t describe it properly but we didn’t push it, or even worse leave [...]
Online Stores Continue reading → Banning PPI sales at credit point of sale is good for consumers
April 4th, 2008 — , General from Giles @ Zopa blog
Had a very jolly evening on Wednesday night at a posh London Hotel when we won “one of the most sought-after prizes at a prestigious awards ceremony.” (According to the London Stock Exchange) This was for the “Most Threatening Non-Bank Competitor” (that’s quite a mouthful and what delicious irony) at the International Retail Banker Awards. [...]
Online Stores Continue reading → Zopa voted “Most Threatening Non-Bank Competitor”
March 7th, 2008 — General from Giles @ Zopa blog
Zopa is three years old today!
It isn’t just us who’s reached the grand age of 3 - today also marks the third birthday of peer-to-peer lending. We were the very first P2P company when we launched in 2005 and now, three years later there are more than 20 around the globe.
A few months [...]
Online Stores Related Websites - Loans and the Credit Crunch The credit crunch is a hot button issue right now, raising red flags in the eyes of consumers not only all over the United States, but also elsewhere in the world. When the economy in the United States begins to have difficulties, the rest of the world is going to......
- Renaud Laplanche, Lending Club CEO in the News Renaud Laplanche, founder and CEO of Lending Club in California recently spoke with Jackie Hyland from ABC News Money Matters about Lending Club, where borrowers with good credit can obtain personal loans from complete strangers. It was touted as providing a unique and creative way to get a loan that......
Continue reading → Happy birthday to Zopa and welcome Japan
February 21st, 2008 — General from Giles @ Zopa blog
The web has revolutionised pretty much everything and continues to do so, and ever since day one (and clearly for a good few days before then) at Zopa we’ve believed that the future of money is human and involves using the web to do things better. That’s why we’re particularly happy to see that a [...]
Online Stores Related Websites - P2P Lending In The News A couple of peer-to-peer (p2p) lending articles came out in major publications over the weekend... Enjoy... The ChicagoTribue: Peer-to-peer lending helpful, but know rules Sometimes you have to take matters into your own hands. At least that's the mind-set of individuals who lend and borrow money from each other online,......
- Calling for Articles for Next Carnival of Peer to Peer Lending The deadline for submission to the next carnival of peer to peer lending is June 1st. RateLadder will be hosting the next carnival. To submit your article do At the main Carnival Site: http://blogcarnival.com/bc/cprof_3148.html Here are the past carnivals... Lazy Man Brip Blap Rate Ladder Prosper Lending Review The Amatureist......
Continue reading → 10% in 2010
February 5th, 2008 — General from Giles @ Zopa blog
There has been a wide array of intriguing stories coming out of the Credit Crisis and I thought I’d share one which has more than a little irony…
Our biggest competitor - the banking industry - has just delivered the biggest boost to the Zopa business to date.
Yup, the very people we [...]
Online Stores Related Websites - Hey, Brother, Can You Spare A Dime? There are many ways to secure loans these days, but due to the sub-prime mortgage crisis, banks and other financial institutions have been much tighter on their guidelines to lend. It seems you need an almost perfect credit score these days to get a low interest rate. Now that this......
- Resisting Panic: A Quick Guide to Surviving The Credit Crunch A few years ago if you referenced the term "credit crunch", most people would be puzzled. Today barely a single day can pass without the phrase seeing consistent if not constant use in the newspapers and on television. The credit crunch is a crisis that is affecting numerous financial institutions......
Continue reading → No January blues at Zopa
September 25th, 2007 — General from Giles @ Zopa
Those doubting that we live in a ‘globalised’ world would do well to recognise that the Northern Rock mess of the last couple of weeks actually had its beginnings in the credit crisis in the United States.
Across the Atlantic, American lenders lent too much, too easily, to too many sub-prime borrowers. Rather than savers’ [...]
Online Stores Related Websites - Hey, Brother, Can You Spare A Dime? There are many ways to secure loans these days, but due to the sub-prime mortgage crisis, banks and other financial institutions have been much tighter on their guidelines to lend. It seems you need an almost perfect credit score these days to get a low interest rate. Now that this......
- How Much Debt is Too Much? The average American is currently carrying at least some form of debt, even if it is small. We live in a society where overspending is common and credit card debt has become a right of passage. In many cases, you need to be in debt in order to start building......
Continue reading → Opaque banking practices
September 20th, 2007 — General from Giles @ Zopa
There has been much talk on our discussion boards about lender returns at Zopa and how we calculate them.
Zopa loans are capital and interest loans – with borrowers repaying an amount each month that is partly a repayment of a portion of the original loan, and partly the interest accrued on the remaining outstanding [...]
Related Websites Continue reading → Lender returns at Zopa
August 21st, 2007 — General from Giles @ Zopa
Zopa is expanding abroad. As is well documented we will be launching in the US later this year and are working with Italian partners towards a similar goal. Less well known are our plans further afield….
I won’t be revealing exact details here, beyond saying that certain Asian markets are looking very interesting…. but thought I [...]
Online Stores Continue reading → Sunnier climes for Zopa
