Months after raising $116m, Wonga talks to the banks

Hot European finance startup Wonga may not be to everybody’s tastes, but it’s doing strong business — and reports suggest it is already testing the waters for its next step, just six months after raising a monster round of $116 million to expand its loan operations.

P2P Lending Gets a Boost from the House

Peer-to-peer lending services like Prosper got a new lease on life from the U.S. House of Representatives today, which included an amendment to move regulation of the space from the SEC to a new banking regulatory agency in a major financial reform bill.