InvestmentFraudPro is reporting that Prosper Marketplace, Inc. has reached a settlement agreement with the North American Securities Administrators Association (NASAA.)From the article National Settlement with Prosper Marketplace, Inc.The North America…
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Prosper Settles with States…
December 1st, 2008 — , Class Action Suit, Community, Prosper Forums, Prosper.com, quiet period, sec, settlement from Jeremy Frazao @ Prosper Lending, My Experience
Prosper refers loan applicants to other companies
November 13th, 2008 — , Prosper, Prosper.com, Referral Program, US, Upsells and Cross-sells, creditkarma, firstagain, freedomfinancialnetwork, lendingtree, quiet period from wiseclerk @ P2P-Banking.com
When Prosper.com went in the quiet period the company announced on its blog:
If you’re a borrower seeking a loan, you will still be able to create a new loan listing, which we will endeavor to fulfill through alternative sources.
The way this works is that Prosper refers loan applicants to other lending companies. After answering [...]
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Renaud Laplanche, Lending Club CEO in the News
October 28th, 2008 — , 1 million dollars, Credit Crunch, Lenders, Lending Club, abc news, buyers and sellers, ceo, dramatic increase, high interest rates, interest rate, investments, jackie hyland, lending institutions, middle man, money matters, new ways, peer to peer lending, personal loans, quiet period, stock market, where borrowers from RateLadder @ Rate Ladder
Renaud Laplanche, founder and CEO of Lending Club in California recently spoke with Jackie Hyland from ABC News Money Matters about Lending Club, where borrowers with good credit can obtain personal loans from complete strangers. It was touted as providing a unique and creative way to get a loan that will offer lower interest rates [...]
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Prosper Referral Program Closes
October 21st, 2008 — , Prosper, affiliate programs, quiet period from Personal Loan Portfolio @ Personal Loan Portfolio
Prosper Marketplace has just announced that their affiliate program has shut down and has requested that sites “take down any reference to Prosper immediately.” It seems ridiculous to remove all references to Prosper especially since this would take a long time to remove all mentions of Prosper in a P2P lending blog. However, [...]
Related StoresLoanio says it won’t face registration process in near future
October 17th, 2008 — , Lendingclub, Prosper, US, loanio, loanio.com, michael solomon, quiet period, regulation, sec filing from wiseclerk @ P2P-Banking.com
Asked by Netbanker whether Loanio.com will face an SEC filing process and a quiet period like Prosper and Lending Club, Loanio CEO Michael Solomon answered:
“…from the perspective of (Prosper) going silent, it is actually great for us as I think we will quickly gain lots of lenders and hopefully we can wow them into sticking [...]
Continue reading → Loanio says it won’t face registration process in near future
The Lending Club Offers New Alternative for Consumer Credit Following $600 Million SEC Registration
October 16th, 2008 — , Features, In the News, Lenders, Lending Club, P2P Lending, borrowers, credit instruments, distrust, economy, financial crisis, financial institutions, interest rates, investments inc, liquidity, loans, mainstream adoption, quiet period, reason consumers, sec registration, securities and exchange, securities and exchange commission, trading platform, united states securities, viable investment from RateLadder @ Rate Ladder
Back in April of this year, the Lending Club announced that it would be going into a quiet period due to the beginning of a registration process involving the SEC, the United States Securities and Exchange Commission. Now the Lending Club is pleased to announce that the process has been completed, and now the Lending [...]
Related StoresProsper in Quiet Period?
October 15th, 2008 — , Lenders, Prosper.com, authorities, commitments, existing loans, inconvenience, inquiries, liquidity, necessary step, promissory notes, quiet period, registration statement, registrations from RateLadder @ Rate Ladder
I though Prosper had already done this: http://www.rateladder.com/2007/10/30/prosper-files-s1-with-sec/
From Prosper This morning: http://blog.prosper.com/2008/10/15/prosper-filing-registration-statement-enters-quiet-period/
Prosper has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future.The registration filing is a necessary step toward making the secondary lending market available to the community. [...]
Breaking news: Lending Club out of quiet period - accepts new lenders again
October 14th, 2008 — , Lendingclub, US, lendingclub.com, quiet period, sec from wiseclerk @ P2P-Banking.com
P2P lending service Lendingclub.com, which was in a quite period not accepting new lenders and bids from existing lenders, today announced that it completed it’s SEC registration. LendingClub is now resuming it’s full p2p lending service and again accepting new lenders.
See: Lending Club completes $600 million SEC filing
More to follow…
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Lending Club Quiet Period Has Ended
October 14th, 2008 — , Lending Club, News, P2P Lending, liquidity, quiet period, social lending from Mike @ richerbytheday
Early this morning, Lending Club announced that their quiet period has ended. Lenders can once again make P2P loans, though the mechanics of the process have changed slightly. Investors will now purchase notes, with interest rates between 6.69% and 18.63%, that correspond to portions of loans made to borrower members.
The major change is that lenders [...]
Lending Club Updates Lending Functionality
July 21st, 2008 — , Features, Lenders, Lending Club, Site Review, account management, busy at work, conclusions, group loans, loan performance, long time, money, monthly statements, motivation, portfolios, quiet period from RateLadder @ Rate Ladder
A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features. I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation. Well I got to it [...]
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Lending Club News
June 20th, 2008 — , Lending Club, Member Payment Dependent Notes, News, P2P Lending, consumer loan, member loans, quiet period, securities act of 1933, securities and exchange commission from Mike @ richerbytheday
Lending Club, which has been in a quiet period due to a pending SEC filing, issued the following press release today:
Lending Club Files Registration Statement with the SEC
SUNNYVALE, CA - June 20, 2008 - Lending Club announced today that it has filed a registration statement with the Securities and Exchange Commission under [...]
