The joy of redlining: Why I never lend money to Florida • LendingMemo

Premium investor articles on the topic of peer to peer lending at sites like Lending Club or Prosper.. The joy of redlining: Why I never lend money to Florida.. LendingMemo Media is affiliated with both Lending Club and Prosper.

A. Hold money in a separate noninterest-bearing Florida bank account for the benefit of tenant B. Hold money in a separate interest-bearing Florida bank account and pay the tenant at least 75% of the interest earned or 5% per year simple interest

Redlining took place in 239 cities across the U.S.; the process was backed by the federal government, invested money and wealth-making property into white people and neighborhoods, and divested from black and other non-white people.

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When Polly and glasgow grew older, they, too, were popular godparents. Witten was a skilled carpenter and hired himself out to a variety of employers. He also earned money by working on government con struction projects, and by 1793 he and his family were living between 26 African American Community Traditions in Spanish Colonial Florida PAGE 43

For investors, geographic discrimination in marketplace lending is not only a possibility, it’s a privilege and a joy Two years ago, LendingMemo’s Simon Cunningham openly boasted about his exclusion of Florida borrowers from his marketplace lending strategy. In, The Joy of Redlining: Why I Never Lend Money to Florida, Cunningham wrote.

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