15:00, 20 March 2008 Page views 395 views

IOU Central is accused of violating the law

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Financial regulators in the Canadian province of Quebec have forbidden person-to-person (P2P) lender IOU Central from carrying out any further operations. IOU Central, launched in February 2008, is an online marketplace which allows personal lenders to bid for loans to individual borrowers (see Plus-daily of 27.02.2008).

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