Credit card debt turns into a never ending treadmill for many in Canada, and this piece at Citynews.ca summarises the scale of the issue well. Some who have the home equity, turn the debt into a mortgage, although, while that reduces the payments, that simply converts the debt into a 25 year loan. The article speaks about the opportunity to bring the debt down with a little discipline. Helping out in this area is a k
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. Thicken My Wallet This month I am pleased to welcome Colin Henderson, CommunityLend’s Chief Technology Officer and Dave Coleman, CommunityLen
One of my mother’s favourite reminders while I was growing was the Miguel Cervantes quote “Tell me what company you keep and I’ll tell you what you are.” I couldn’t help thinking about my mother’s wisdom this week as I looked at the first two partner announcements we are posting today. Given that it was just recently Mother’s Day, this is probably quite fitting. On behalf of the CommunityLend team, I just want
On Wednesday and Thursday of last week, Canadian based journalists, bloggers, angel investors, venture capitalists and web entrepreneurs met at the MaRS Discovery District for Mesh ’08; Canada’s ‘Web Conference’. Mesh is one of those rare events that bring together business minds, the tech savvy and those who are just plain interested in emerging opportunities on the net. I have to tip my hat
Now that the credit crisis is being managed into some sense of order, we are now seeing introduction of concern for inflation. This reflects prices and is well documented in this piece in the Globe & Mail. reportonbusiness.com: Consumer prices up more than expected in April “While Canada is faring better than most other countries, it appears that the shelter provided by the loonie from surging global commodity pr
FT.com / World – Inflation threat to world economy, IMF says tags: ft.com, clblog Global inflation has re-emerged as a major threat to the world economy, the International Monetary Fund said on Thursday in a stark warning that marked an abrupt change of tone from its emphasis on the risks to growth.
Here Comes the P2P Economy – Harvard Business Online’s Conversation Starter Just located the entire HBR article online with no subscription required tags: harvard business review, clblog, HBR, p2p It is only a matter of time before these digital systems close the arbitrage enjoyed by large banks, which lend at up to 15% interest but pay only about 5% on capital. Why do business with a bank when your netwo
Congratulations to Lending Club, a social lending company in US for winning the Webby Award for Banking/ bill payment category. The webby’s are kind of like the oscars for web sites. Webby winners Webby Award WinnerLending Clubhttp://www.lendingclub.com Lending club People’s Voice Winner Mint Minthttp://www.mint.com Mint team