Comments on: The tricky world of US regulation http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/ Zopa blog - updates, team, news, life and more. Tue, 16 Mar 2010 11:54:02 +0000 http://wordpress.org/?v=2.0.4 by: Tycoons of the Day : The Government Crackdown on Peer-to-Peer Lending http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-147129 Mon, 30 Mar 2009 15:48:57 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-147129 [...] This seems to be why Zopa declined to launch a planned U.S. expansion. In a late November blog post, CEO Giles Andrews said, "We always took the view that the SEC would likely view our platform, as operated in the UK and Italy, as requiring registration with them. ... That's the key reason why we didn't launch our UK model in the U.S. and watched with great interest when others did proceed with platforms that we felt carried regulatory risk." Just so, the global recession seems to have amped their business in the United Kingdom. While the company is stoic about releasing its numbers, spokeswoman Sarah Stocks-Wilson confided that "business in the U.K. is booming!" [...] […] This seems to be why Zopa declined to launch a planned U.S. expansion. In a late November blog post, CEO Giles Andrews said, “We always took the view that the SEC would likely view our platform, as operated in the UK and Italy, as requiring registration with them. … That’s the key reason why we didn’t launch our UK model in the U.S. and watched with great interest when others did proceed with platforms that we felt carried regulatory risk.” Just so, the global recession seems to have amped their business in the United Kingdom. While the company is stoic about releasing its numbers, spokeswoman Sarah Stocks-Wilson confided that “business in the U.K. is booming!” […]

]]> by: Love Quotes http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-143345 Tue, 20 Jan 2009 17:08:31 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-143345 There are many groups who would like to ban and regulate websites and just the fact that Websites are being taking action to appease the US government within selected societies has raised strong objections. There is the distinct possibility that the single WWW will become a collection of loosely connected country Websites, each with its own form of censorship. The irony here is that the Internet was developed as a means of fostering global communication. Yet it is now very clear that US and other countries will put stricter limits on freedom of expression! There are many groups who would like to ban and regulate websites and just the fact that Websites are being taking action to appease the US government within selected societies has raised strong objections. There is the distinct possibility that the single WWW will become a collection of loosely connected country Websites, each with its own form of censorship. The irony here is that the Internet was developed as a means of fostering global communication. Yet it is now very clear that US and other countries will put stricter limits on freedom of expression!

]]> by: Making a Profit on Investment From Social Lending Sites | Peer-to-Peer Lending / P2P Lending http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-143295 Mon, 19 Jan 2009 15:38:43 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-143295 [...] Zopa blog - The tricky world of US regulation [...] […] Zopa blog - The tricky world of US regulation […]

]]> by: Peer to Peer Review http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-142996 Wed, 14 Jan 2009 07:17:37 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-142996 With Lending Club the only one in the market, there is a maybe a short term monopoly in the US. This could adversely hurt the industry if limited to just one or two single lending sites and also this makes it harder for start ups to enter the market. Further securing the market in the hands of Lending Club. With Lending Club the only one in the market, there is a maybe a short term monopoly in the US. This could adversely hurt the industry if limited to just one or two single lending sites and also this makes it harder for start ups to enter the market. Further securing the market in the hands of Lending Club.

]]> by: Prosper and Loanio Updates http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139147 Wed, 03 Dec 2008 12:55:28 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139147 [...] In other news, Loanio has voluntarily decided to stop accepting lenders and borrowers. Presumably they’ve seen what’s going on with Prosper and what Lending Club has been through. This is why Zopa didn’t operate a pure P2P. [...] […] In other news, Loanio has voluntarily decided to stop accepting lenders and borrowers. Presumably they’ve seen what’s going on with Prosper and what Lending Club has been through. This is why Zopa didn’t operate a pure P2P. […]

]]> by: P2P-Banking.com http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139114 Tue, 02 Dec 2008 22:24:35 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139114 <strong>Prosper faces class action lawsuit; pays 1M US$ in fines to states...</strong> The SEC cease and desist order against Prosper offered the legal arguments on a plate, now the first class action lawsuit filed against Prosper Marketplace Inc. uses the SEC filing as exhibit A to state it’s case. Regarding numbers and affected l... Prosper faces class action lawsuit; pays 1M US$ in fines to states…

The SEC cease and desist order against Prosper offered the legal arguments on a plate, now the first class action lawsuit filed against Prosper Marketplace Inc. uses the SEC filing as exhibit A to state it’s case. Regarding numbers and affected l…

]]> by: US throws social lenders out of its temple of economic doom | Open (minds, finds, conversations)... http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139010 Sun, 30 Nov 2008 14:28:19 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139010 [...] Zopa, the most credible of the social lenders to my mind, was trying a slightly different model to the other social lenders has also had to pull out - its founders explain their thinking on The Tricky World of US Regulation heir blog. Its thriving UK operation, and Zopas in Italy and Japan remain very much alive.  [...] […] Zopa, the most credible of the social lenders to my mind, was trying a slightly different model to the other social lenders has also had to pull out - its founders explain their thinking on The Tricky World of US Regulation heir blog. Its thriving UK operation, and Zopas in Italy and Japan remain very much alive.  […]

]]> by: Antony Mayfield http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139009 Sun, 30 Nov 2008 13:53:52 +0000 http://blog.zopa.com/archives/2008/11/28/the-tricky-world-of-us-regulation/#comment-139009 I hope you get another shot at the US before too long. It's really sad that that economy is shutting out real financial innovation at just the moment it needs it most. I hope you get another shot at the US before too long. It’s really sad that that economy is shutting out real financial innovation at just the moment it needs it most.

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