Zopa on its Way to the US

Zopa sent an email this week announcing its much anticipated launch in the U.S. The launch was been the subject of much anticipation. The email was not specific about the model. However, it is widely expected that it will need to differ from the model in the U.K. given the constraints associated with U.S. banking and securities laws and the patchwork of state laws.

The Open Source Credit Union blog has speculated that the model will involve a CU acting as a intermediary to some degree. A post at the Bankwatch blog hypothesizes that Zopa will be partnering with a credit union in every state.