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Prosper, a PtoP lender that was forced to stop operations 9 months ago by the SEC, finally received approval to begin operations again. The real question though is about the viability of PtoP...
As banks clamp down on consumers' ability to get credit, alternative credit sources could be getting a boost.
On Friday, the Securities and Exchange Commission gave its blessing for Prosper.com...
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...
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...