Tagged: wells fargo

Colorado’s Equity Crowdfunding Law Is Set to Go Live August 5th

Just four months after Colorado announced its equity crowdfunding law, the Centennial State’s government officials announced that its residents will be able to participate in equity funding projects starting this upcoming Wednesday. Governor John Hickenlooper signed the Colorado Crowdfunding Act into law back in April, which will allow the state’s… Read More

CAN Capital Secures $650 Million Funding from a Dozen Leading Banks, Including Wells Fargo, Morgan Stanley, UBS, Barclays & Fifth Third

CAN Capital, a player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First… Read More

Wells Fargo Backpedals On P2P Lending Ban For Employees

Wells Fargo has reversed a ban on employees participating in the peer-to-peer lending arena after the announcement of the measure garnered international attention. Related – Wells Fargo To Employees: No Peer-To-Peer Loans According to the San Francisco Business Times, Wells Fargo spokesman Ruben Pulido clarified that “The original… Read More

What’s In Store For Lending Club In 2014: An Interview With Renaud Laplanche

In the ever-growing crowdfunding community, peer lending reigns supreme. A TD Economics report we covered last week estimates the size of the global crowdfunding industry at somewhere between $3 and $5 billion in 2013. Of the sites responsible for this emergent shift in capital access,… Read More

Wells Fargo To Employees: No Peer-To-Peer Loans

Wells Fargo has told its employees to scale back and eventually cease their participation on for-profit peer-to-peer lending platforms like Lending Club and Prosper. The banking behemoth’s “ethics administrators” cite a conflict of interest, pointing out that peer-to-peer lending is a competitive practice. The San… Read More

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