Social lending is now less social. Peer-to-peer? Just trust us, your peers are bidding on your loan, no need to see who...
When I signed up for Prosper, their example of groups was the "Volunteer Firefighters" and "Joe" was applying for a loan. Another loan from those Volunteer Firefighters. They seem like good people, and other VF's are bidding on their loans, so why don't I bid too?
So now there's no way of knowing if any VF's are bidding on the loan. Yes, the "social lending" part is dead.
A loan like eandr123's would today be absolutely impossible.
Just when we think Prosper is out of ammo, they find a way to shoot themselves in the foot yet again.