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Author Topic: Prosper's Settlement with New Jersey  (Read 4078 times)

God-Father

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Re: Prosper's Settlement with New Jersey
« Reply #1 on: July 26, 2010, 06:08:51 pm »

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bankomatic

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Re: Prosper's Settlement with New Jersey
« Reply #2 on: July 26, 2010, 10:34:38 pm »

To be honest I feel a little bad for prosper here. They have to settle with each and every state individually which is a huge pain in the ass. Would make more sense to somehow bring this under federal jurisdiction.

UNCMBA

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Re: Prosper's Settlement with New Jersey
« Reply #3 on: July 29, 2010, 01:35:03 pm »

So a $34k fine?  Is that really it?  No fund to pay back misled lenders?
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Greebo

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Re: Prosper's Settlement with New Jersey
« Reply #4 on: July 29, 2010, 02:12:15 pm »

So a $34k fine?  Is that really it?  No fund to pay back misled lenders?
Wouldn't this be legal basis for NJ lenders to go for a Class Action against Prosper?
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ira01

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Re: Prosper's Settlement with New Jersey
« Reply #5 on: July 29, 2010, 02:37:26 pm »

So a $34k fine?  Is that really it?  No fund to pay back misled lenders?
Wouldn't this be legal basis for NJ lenders to go for a Class Action against Prosper?

You mean like the national class action that is already pending against Prosper on behalf of lenders over the Securities Laws issues?
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