+1. For a financial company to be having so many problems with the nuts and bolts of their business, almost five years in, is beyond shocking. I don't know if its because Prosper's crappy management caused the competent employees (like Andrew) to leave, or what, but to say that it is 100% unacceptable is an understatement.
Or they could have implemented a workaround that I have with two financial institutions I deal with: when setting up monthly automatic transfers, those transfers cannot be scheduled on the 29th, 30th, or 31st of the month.
If Prosper were to implement that, they would have to delay originations after the 28th until the 1st of the next month.
The other companies that allow automatic transfers that I deal with will do the transfer on the first business day after the non-existent day of the month and have logic in place to not impose any penalties. In fact, back when I had a mortgage, one month the mortgage servicer was 20 days late in debiting my account due to a change in their computer system, and they handled that just fine, no penalties or extra interest because it was their issue, not mine, and they even warned us in writing that there could be a delay but no penalties.