Read here what happened to IOU Central (a P2P lender) in Canada.
Monday, March 31, 2008
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I blog randomly, either about events I find significant, or interesting, or my experiences as a participant in the fledgling P2P markets where I am a lender at Prosper.com, LendingClub, Zopa, and Fynanz, amongst others.
1 comment:
I have been following IOUcentral since the day it was shut down & I see similarities to PMI. Both are so new a shutdown due to breaking regulations could come at any time.PMI is trying fancy wordplay with it's legal agreements to cover their asses on past mistakes,but I like you think I am only bound to the agreement in place at my last bid.I have emailed AMF,CL & JW to get a reply for clarification on this.
I'll be shocked if anyone responds.
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