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 credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. BBVA USA, which has...
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 and other investors via statements it made. In a press release the SEC said it charged Prosper with “miscalculating and materially...
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. Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation...
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. Among investors – both those who buy loans on the platforms themselves and those who buy stock in the platforms on...
January 02, 2018
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. Among investors – both those who buy loans on the platforms themselves and those who buy stock in the platforms on Wall Street – much of their earlier enthusiasm was replaced with […]
November 22, 2016
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. And the hat trick of...
January 12, 2022
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 the credit scale. The credit card offers affordable rates, no annual fee for the first year with autopay, no-fee ATM cash advances, no security deposit, and other perks, the company […]
November 04, 2019
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 credit (HELOC), which involves significantly...
April 21, 2019
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 and other investors via statements...
August 01, 2017
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 scores, and would protect them...
