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Lending Club have come out of their quiet period with an astounding announcement for themselves and social lending.  Lendingclub blog Today, we’re delighted to announce that we have completed this process and are now available to both borrowers and lenders. We believe that this SEC registration is a major step forward for the Lending Club community and social lending in general, as it helps establish the space a

It is a little sad that we see Zopa US close shop apparently following the participating Credit Unions inability to adequately fund the loans.  We had always known the US Zopa was an entirely different model, with the Credit Unions being the sole lenders, and then the credit crisis came along.  Nonetheless we will miss them. Zopa US So while our model is doing very well in current market conditions, the US

LendingClub has filed a revised S-1 with the SEC. This suggests progress, and will be as a result of comments on the original S-1. Comments from the SEC are not public until final approvals. www.sec.gov As filed with the Securities and Exchange Commission on August 1, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES AC

Very clear quotes from a lawyer quoted on Techcrunch. They also ask the question, as to how these SEC regulations will apply to others in US. No doubt we will hear more over the next while. Lending Club Puts Hold on Lending Activity While It Sorts Out Some Legal Issues … … its borrowing practices could be interpreted as the sale of securities, which requires a license Lending Club doesn’t appear to have.T