Inside the World of Peer to Peer (p2p) Lending | thickenmywallet.com
We were honoured to have the opportunity to answer some highly pertinent questions about social lending in Canada. We hope our answers are of some interest to those following the space in Canada, the role of regulation, and the evolution of this new and exciting business model.
This month I am pleased to welcome Colin Henderson, CommunityLend’s Chief Technology Officer and Dave Coleman, CommunityLend’s Community Advocate, to discuss the social lending industry. By way of explanation, social lending, as the name implies, is the lending of funds between groups of individuals rather than institutions, like banks. I took our time to speak a little about their organization, the future of p2p and some fallout from Lending Club’s decision to suspend new lenders due to regulatory issues.
