Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: [1]   Go Down

Author Topic: Prosper's Settlement with New Jersey  (Read 4024 times)

God-Father

  • Hero Member
  • *****
  • Posts: 3211
  • Pay up!
    • View Profile
Re: Prosper's Settlement with New Jersey
« Reply #1 on: July 26, 2010, 06:08:51 pm »

Lobby
Logged

bankomatic

  • Hero Member
  • *****
  • Posts: 12717
  • Tyrant and Slave Master
    • View Profile
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

  • Jr. Member
  • **
  • Posts: 61
    • View Profile
    • www.sunkcostsareirrelevant.com
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?
Logged
sunkcostsareirrelvant.com

Greebo

  • Hero Member
  • *****
  • Posts: 4596
  • Fight Online Censorship
    • View Profile
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?
Logged

If you really want change...vote 3rd party.

ira01

  • Hero Member
  • *****
  • Posts: 33468
  • Banned from Prosper since 11/5/2007.
    • View Profile
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?
Logged
Pages: [1]   Go Up