Posted by Renaud Laplanche :: July 13, 2009 @ 10:54 pm

Another company in our space, Prosper.com, recently completed its SEC registration. As you know, we were the first in the category to do this back in 2008. We made that decision proactively because we understood the importance of transparency and compliance. We would now like to congratulate our friends at Prosper.com on completing their own registration. We are pleased that others are taking the same steps as Lending Club, and believe full transparency and disclosure benefit both consumers and the industry overall.