The SEC shut down Lending Club in March, then Prosper, and finally Loanio this week....Regulators have concluded that loans created in these networks are in fact securities and must be registered...
Article | Submitted Nov 26, 2008 | Views: 114 | Comments: 4
Tags: prosper, p lending, sec, loans
The site prosper.com provides investors (lenders) and entrepreneurs (borrowers) a marketplace to be matched. By eliminating the banks or lending company from the equation a lot of fees are reduced...
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