This is another post that falls under that general ‘Is it safe?’ category that we get asked by those who don’t invest in p2p loans. Some of these people are interested in investing so for them as well as for those of us who want to know for our own evaluation of risk we will … Read moreIf Lending Club Goes Bankrupt, Are You Protected? Yes and No
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 moreAre Lending Club Loans Safe? The LC Collections Process Part 2
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 moreLegal Corner: The Legal Basis of How Prosper and P2P Lending Works
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 moreLegal Corner: The Securities Act of 1934 and Peer to Peer Lending
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 moreLegal Corner part 2: What is a Security? and in the P2P Lending World Why Do We Care?
I am happy to announce that this blog will now be broadcasting a regular Legal Corner discussing the legal aspects of recent court decisions and regulations involved that apply to the peer to peer lending industry. Our legal expert is Jonathan Wilson of Taylor English Duma. Jonathan is an expert in crowdfunding and has … Read moreLegal Corner: What is a Security? part 1