Nude Photos Used as Collateral for Loans, Leak

December 2, 2016
Article by:

nude photos for online loans

Perhaps the only thing worse than sending a nude photo of yourself to a lender as collateral is learning that the photo had been leaked on to the internet. In China, some online lenders hold on to nude photos of their borrowers (typically women) to use as leverage to pay up. If they don’t, the […]

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Bitcoin-based P2P Lending Platform BitLendingClub Shuts Down

December 2, 2016
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Zcash bitcoin

BitLendingClub (not to be confused with Lending Club) has shut down their bitcoin-based p2p lending platform, citing regulatory pressure. A message posted on their website says, “over the last year or so, the regulatory pressures has been increasing to the point that it is no longer feasible to maintain the operation of the platform. We […]

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Chinese Regulators to Cap P2P Investments

August 24, 2016
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Chinese Piggy Bank

As per the new propsosed cap, an individual lender can only provide loans US$30 on one platform, and cannot lend more than US$150,000 in total.

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Funder or “Funda”? Either Way, The Korean Government is Worried

July 25, 2016
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South Korea P2P Lending

In South Korea, the government isn’t sure if Funda is a direct funder. Funda, ironically spelled like the New York pronunciation of the word, is one of several companies offering high yields to investors across their peer-to-peer lending marketplace. The average rate of return is 10.94%, according to Funda’s home page. But according to Bloomberg, […]

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China Ponzi Scheme: Central Bank Collects Data on Risks, Funds Deployed

May 23, 2016

Chinese Yuan

The can of worms was set open with the shakedown of Ezubao, the Chinese P2P lending site which duped 900,000 investors of $7.6 billion in February this year.

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China Ponzi Scheme: Police Crack Down on Shanghai Lender, Wealthroll

May 16, 2016
Article by:

Yuan

Chinese police have been ordered to shut down illegal online lending sites and take swift action against suspects.

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Did Peer-to-Peer Lending Sell its Soul to Wall Street?

May 8, 2016
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Broad Street

“We have so many fans but we also have some people here that are looking to take advantage of us, that are here for a short term trade and they won’t be part of this industry.” – Ron Suber, President of Prosper Marketplace Ron Suber may have been talking about specific players in the capital […]

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Google Ditches Debit Card for P2P Transfer

April 1, 2016
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Google HQ

Wallet Card, which was launched in November 2013 lets users make payments at ATMs, banks and any business that accepts MasterCard Debit.

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Will Marketplace Lending Revert Back to Peer-to-Peer Lending?

March 28, 2016
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Peer to Peer

Institutional investors wanted higher yields on Prosper’s latest bond offering, an entire five percentage points higher, according to the WSJ. This wasn’t necessarily brought on by performance either. Instead the once voracious appetite for all things online lending is being tempered by uncertainty. Bain Capital Ventures partner Matt Harris told the WSJ that online lenders […]

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Hedge Funds Will Call The Shots in P2P Lending, Survey Says

March 6, 2016
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wall st

P2P lending platforms will increasingly rely on larger hedge funds to fund their expansion, The New York Hedge Fund Roundtable believes. The Roundtable is a non-profit organization committed to promoting education and best practices in the hedge fund industry. Timothy P. Selby, the organization’s president, said of a recent study they conducted, that institutional investors […]

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