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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Honest Abe on December 29, 2012, 06:51:25 PM

Title: Prosper gets SEC approval to back it's loans
Post by: Honest Abe on December 29, 2012, 06:51:25 PM
Props to Peter at Lend Academy for keeping up on this... Long story short, Prosper created another entity for the purpose of protecting the holders of its loans in the event of a bankruptcy. This takes one of the big "what-ifs" out of P2P lending and makes it that much more of an attractive investment. Check out the link below for more info:

http://www.lendacademy.com/forum/index.php?topic=583.0 (http://www.lendacademy.com/forum/index.php?topic=583.0)