As of September 15, 2008 Prosper.com has made the decision to restrict Residents of Pennsylvania from lending on Prosper. They have discontinued accepting new lender registrations, and new bids from existing Pennsylvania lenders.
Their decision to make this change was based on their "ongoing discussions with regulators in Pennsylvania, a change necessary to comply with PA Regulators current interpretation of their state regulations."
Pennsylvanians for Prosper Lending has been established to raise a voice against this denial of opportunity, and freedom.
At this point in time it is imperative that the voice of Lenders in Pennsylvania and beyond begin to solidify. This petition is a great way to do that. Let's use our collective voice to bring attention to this matter.
I'm just one lender who felt a kick in the gut when I received notice of this restriction. My immediate thoughts and feelings were not unlike being robbed. That's because we have been robbed! Robbed of opportunity, and robbed of freedom. I set up this blog and encourage anyone with frustration over this to please post their thoughts, ideas, and knowledge. -and please! sign the petition. http://pa4prosperlending.blogspot.com/
The views expressed in this petition are solely those of the petition's sponsor and do not in any way reflect the views of iPetitions. iPetitions is solely a provider of technical services to the petition sponsor and cannot be held liable for any damages or injury or other harm arising from this petition. In the event no adequate sponsor is named, iPetitions will consider the individual account holder with which the petition was created as the lawful sponsor.