Lending Club isn’t alone. IOU Central, the first Canadian person-to-person lending site which launched to online fanfare a couple of months ago, came to a screeching halt after all but three weeks citing similar regulatory issues. What made this rather ironic was their tag-line: "Person to person lending finally comes to Canada" they pronounced, as if to say the other companies such as CommunityLend and PeerMint that had announced intentions to launch there months ago were dragging their heels for no good reason.
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.