Prosper and Lending Club were featured on the CBS Evening News (In Credit Crunch, Lending To Each Other ).  The video is at the end of this post.  I saw the coverage live while watching in between NCAA tourney games.

At a time when credit is hard to come by, more Americans are turning to a new source for money: each other. It’s called person-to-person lending, and it’s expected to rise 800 percent in the next couple of years.

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