Prosper vs. Zopa rates »

So Zopa’s going to launch in the US any day now. They’ve changed their model for the US market - details in the WSJ - making it pretty different from the other peer-to-peer lending business, Prosper. Quick summary: loans are guaranteed by credit unions, lenders buy CDs with a capped rate of 5.1%, borrowers have to meet some tougher criteria to get funded.

Interesting approach. Eliminates risk vs. Prosper, where you can lose money if you fund too many loans that go into default. However,…