Legal Corner: Why I can invest with Lending Club but not with Circleback Lending

Our legal eagle, Jonathan Wilson, is back with some more great info for us on why we can invest in some lending platforms but not others. He’s from Taylor English Duma and you can check out his profile here. He’s also on Twitter @JBWilsonLaw. Have you ever wondered why P2P sites like Prosper and Lending … Read more

If Prosper Goes Bankrupt, Are You Protected? Yes

For Part 1 of this series on what happens if Lending Club goes bankrupt, check it out here. Since we looked into what happens if Lending Club goes bankrupt, it’s natural to now look at Prosper and see what happens if they go bankrupt. Again, like with Lending Club, the investments in Prosper, especially in … Read more

Are Lending Club Loans Safe? The LC Collections Process Part 2

In Part 1, we examined the initial part of the process that Lending Club goes through when we have the occasion of a loan that does not pay on time.  We looked at the Grace Period and the Early Late period and some corresponding tips on how to manage our loan portfolios at these stages. … Read more

Legal Corner: The Legal Basis of How Prosper and P2P Lending Works

by Jonathan Wilson, securities attorney at Taylor English Duma [Again, my comments will be in the braces otherwise this is all from our legal expert. None of this is personal legal advice but you should reach out to him or comment here if you have a question or need for Jonathan’s expertise. This post is … Read more

Legal Corner: The Securities Act of 1934 and Peer to Peer Lending

By Jonathan Wilson, atty at Taylor English Duma In my last two posts I talked about the definition of a “security” and how that term is defined in federal securities statutes and the Howey case.  Because of that definition, we know that a security can include the common stock in a corporation, membership interests in … Read more

Legal Corner part 2: What is a Security? and in the P2P Lending World Why Do We Care?

In part 1, I introduced the P2P Lending Expert legal eagle, Jonathan Wilson, who is going to discuss legal implications and ongoing cases in the securities world and how they affect peer to peer lending, and especially how they affect the little guy like us. Again, my commentary is in parentheses. On to the Howey … Read more