Prosper takes a huge move forward with a secondary market
Prosper announced this morning that they will be creating a $500M secondary marketplace for the person-to-person loans they manage. This will enable lenders to resell loans they have on their books to other investors to free up capital. Currently, when you lend money on Prosper, it is lent directly to a person, unlike Zopa which [...]
Read moreWCLU stuff
I had the brief opportunity to visit the Washington Credit Union League Trade Show/Convention on Wednesday. My visit was cut short by another engagement the following day, but I was able walk around for a few hours on Wednesday afternoon. I wasn’t able to attend any of the sessions such as Creating a Community Development [...]
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