Dear RateLadder_com,
It has come to our attention that one of the group leaders on Prosper is subject to a Federal Trade Commission (FTC) settlement order that bans him and his related companies from advertising, marketing, promoting, offering for sale, or selling any credit-related goods or services, or assisting others engaged in the same activities.
As a result, we have terminated the Prosper membership of the leaders of the following groups: FinancialAssistanceNetwork, MinorityAssistance.org, EmergencyAssistance.org, PayItForwardLoans.com, HR-Assistance.com, CreditCardAssistance.org, and FAN-Lenders-Alliance.
Existing funded loans in these groups will continue to be active loans on Prosper and existing listings from members of these groups will remain open. Prosper will assume leadership of these groups, but will not accept new members into these groups.
We are not aware of any illegal activity in these groups on Prosper, or any irregularities with regard to any loans to members of these groups, but we are obligated to take this action in light of the FTC settlement order.
As always, thank you for your support of Prosper.
Sincerely,
Prosper Security
I found a thread in the prosper forums on the subject.
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