Prosper

Prosper Marketplace Launches Credit Card to Help People Manage Finances
Prosper Marketplace Launches Credit Card to Help People Manage Finances
January 12, 2022  |  Alternative Credit

Digital lending platform Prosper Marketplace is launching the Prosper Card to help people get a handle on their finances no matter where they fall on...

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BBVA, Prosper Partner To Offer Easier Home Equity Loans
BBVA, Prosper Partner To Offer Easier Home Equity Loans
November 04, 2019  |  Loans

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of...

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Prosper Fined $3M By SEC For Overstating Returns
Prosper Fined $3M By SEC For Overstating Returns
April 21, 2019  |  Alternative Finances

The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine for misleading retail...

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Why Digital Lenders Are Tightening Their Lending Criteria
Why Digital Lenders Are Tightening Their Lending Criteria
June 12, 2018  |  Alternative Finances

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital....

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What 2018 Will Mean For Marketplace Lenders
What 2018 Will Mean For Marketplace Lenders
January 02, 2018  |  Alternative Finances

2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular....

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Prosper Gets Rid Of App Designed To Protect Identities
Prosper Gets Rid Of App Designed To Protect Identities
August 01, 2017  |  Fraud Prevention

Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit...

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All Is Forgiven? The Bond Buyers Return To Online Lenders
All Is Forgiven? The Bond Buyers Return To Online Lenders
May 22, 2017  |  Alternative Finances

After the rather spectacular fireworks display that Lending Club had going on this time last year, it was not great surprise when the bond buyers...

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Prosper Reports Surging Losses As Loan Volume Falls
Prosper Reports Surging Losses As Loan Volume Falls
March 21, 2017  |  Alternative Finances

In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace lending has a...

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Prosper’s Climb Back
Prosper’s Climb Back
November 22, 2016  |  Alternative Finances

Taking the top job is never an easy task. It’s even harder to take over at the top as a relative newcomer to the firm....

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