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Today Lending Club announced a big new investor on their platform. Peter J. Thomson, a director at Thomson Reuters and...
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The numbers for June are in the books and Lending Club had another fantastic month, breaking $20 million in new...
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Yesterday on the Lending Club blog, in a post titled Protecting Identity and Privacy, CEO Renaud Laplanche announced a change....
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Today, Lending Club announced that they have closed their latest funding round, a Series D, to the tune of $25...
Lending Club has created a new television commercial. It was produced by Marketing Architects and is targeted at bringing more borrowers...
If you’ve been thinking about opening up an IRA account with Lending Club, now is a great time to do...
A federal district court in the Southern District of New York has ordered the Bethune v. Lending Club Corporation, et al. case to proceed to arbitration; plaintiffs argue that Lending Club loans were in violation of state usury laws despite their association with WebBank; while the case is still pending, the court has said it will be decided through arbitration due to clauses in place by Lending Club. Source
Many Lending Club investors just use the filtering on LendingClub.com to make their investments. Other investors, like me, download all...
Shares in the online lender have sunk almost 20 percent on news that they will lower their full year earnings forecast; the company also announced that they are limiting lending to lower grade borrowers as they continue to tighten their credit standards; while scandal has hurt the company, they have been tightening their credit standards for close to two years as they continue to adjust models. Source.
When I met with Renaud Laplanche, CEO of Lending Club, in June last year he told me that Lending Club...