Comments on: P2P lending http://tinfoiling.com/2008/05/02/p2p-lending/ The mental pursuit of things material and immaterial eventually transcribed. Everything originates from Burnaby Mountain. Fri, 23 Dec 2011 23:26:23 +0000 hourly 1 http://wordpress.com/ By: Wiseclerk http://tinfoiling.com/2008/05/02/p2p-lending/#comment-2258 Sat, 03 May 2008 09:11:40 +0000 http://tinfoiling.wordpress.com/?p=502#comment-2258 For usual fee structures of p2p lending services check the details about comparable p2p lending ventures in other markets published at:
http://www.p2p-banking.com

]]> By: Colin http://tinfoiling.com/2008/05/02/p2p-lending/#comment-2256 Sat, 03 May 2008 01:06:53 +0000 http://tinfoiling.wordpress.com/?p=502#comment-2256 @tinfoiling …. let me add something to this post. Your points are highly valid because you clearly take a consumer view.

- p2p lending in Canada will be regulated, and it will be regulated by the securities commissions of each Province. We know this based on a years work of legal review, and work with those commissions
- why is a loan a security? A loan displayed online is an investment, and thus comes under the securities mandate
- nothing is for free …. CommunityLend will charge borrowers and lenders a fee. We will announce that fee closer to launch. Rest assured it will be reasonable, and on market.

Any other questions, fire them over!
Colin

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