Prosper Upgrades

I just noticed on the Prosper forums that they did a system update on May 1. Several new features were announced. More of interest to me occurred on the lending side. Prosper revised their lending limits for various states. Lazy clipping below:

Alaska: the rate cap has increased from 10.25% to 16%.
Arizona: the rate cap on loans over $10,000 has increased from 24% to 30%.
Arkansas, Delaware and Tennessee: the rate cap has increased.
California: the minimum loan amount has been lowered from $2,550 to $1,000; loans of $1,000 to $2,550 have a 19.2% cap.
Kansas: the maximum loan amount has been decreased to $10,000.
Kentucky: the rate cap on loans over $15,000 has increased from 8.25% to 30%.
Maine: the rate cap on loans of $1,000 to $4,000 has increased from 18% to 24% APR.
Massachusetts: the minimum loan amount has been lowered from $6,000 to $1,000; loans of $1,000 to $6,000 have a 12% APR cap.
Minnesota: the rate cap has increased from 8% to 30%.
Mississippi: borrowing for personal use is no longer available. Borrowing for business or commercial purposes is permitted.
Missouri: the maximum loan amount has been decreased to $7,500.
New Hampshire: the minimum loan amount has been lowered from $10,001 to $1,000; loans of $1,000 to $10,000 have a 10% APR cap.
North Carolina: borrowing for personal use is no longer available. Borrowing for business or commercial purposes is permitted.
North Dakota: borrowing currently unavailable in this state although we expect to be able to offer loans again within the next couple of months (we are switching to a different type of license and need to allow time for paperwork to be filed and approved).
Ohio: the rate cap has increased from 8% to 25% APR.
Texas: Prosper has lowered the rate cap on loans for personal use from 30% to 10% APR, and has lowered the rate cap on loans for business use from 30% to 18%.

I'll chew over the details after I've had a chance to compare the deltas. I'd expect surges in borrowers from Ohio, Kentucky, and Minnesota. The big hit will be Texas, which had made up ~14.5% of Prosper's loan volume. Ouch