[mcherm]

I love the idea of disrupting the loan structure. I think using things like Prosper or Lending Club is great. But I live in Pennsylvania where they are against the law.

We cannot ignore the ways in which government is broken.

[marquis]

>where they are against the law

Is there a reason for that? To stop loan sharks, for example? (Which is a highly valid reason).

[dlss]

I don't think GP was saying that the law had no reason for existing, just that its existence had an unfortunate unanticipated effect on microloans.

(If you wanted to outlaw loan sharking, you pass something like the Fair Debt Collection Practices Act, not an "only banks can loan money" law)