Prosper no longer allowing PA residents to lend money
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I haven’t discussed Prosper.com much on this blog, but it is a peer-to-peer lending site that I have been thinking about getting involved with. I was looking into the tax implications of peer-to-peer lending before getting started, but I guess I don’t have to worry about that anymore.
This morning, I got an e-mail from Prosper - basically, if you’re a resident of PA, you can no longer lend money out or sign up to be a lender. Seems kind of sudden, despite “ongoing discussions”. I would be pretty ticked if I were more involved in Prosper.
Are you a PA Prosper lender? What do you think of the announcement?
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Thank you so much for posting on this issue!
I think it is interesting that Pensylvania’s Moto is: “Virtue, liberty, and independence”
Yet they’ve managed to deprive of PA Propser Lemders of each and everyone of these.
Please sign our petition at:
http://www.ipetitions.com/petition/pa4prosperlending/index.html
Tonys last blog post..How Many Pennsylvanians are Prosper Lenders?