Lending Club

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Lending Club

·May. 23, 2017

Lending Club Publishes Vintage Performance Data

Yesterday Lending Club filed a S-3ASR with the SEC which provides comprehensive and updated information on the business. For those who are...

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Peer to Peer Lending

·Jun. 26, 2017

The Fastest Consumer Lenders to $1 Billion in Originations

In an interview on CNBC last week Goldman Sachs CEO Lloyd Blankfein shared some news about their consumer lending platform....

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News Roundup Online Lending USA

·Aug. 8, 2017

Lend Academy Article: Lending Club Q2 2017 Earnings – Back to Growth

Lending Club has announced their second quarter earnings results; originations were up 10% sequentially to $2.15 billion; quarterly originations have been hovering around $1.9 billion since Q2 of last year; the second quarter also marked the second highest revenue generating quarter for the company; bank participation made up 44% of the funding for the quarter; Lending Club focused on developing testing infrastructure for borrower take rates which included a website redesign; guidance was adjusted upwards for the third quarter and the full year. Source

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Peer to Peer Lending

·Sep. 5, 2017

Marketplace Lenders Lending Club and Prosper Respond to Hurricane Harvey

Hurricane Harvey has already had a tremendous impact on Texas. Part of the impact is the financial stress it has...

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Peer to Peer Lending

·Sep. 11, 2017

Lending Club Announces Launch of Next Generation Credit Model

Today, Lending Club announced a new credit model in an email to investors. According to the email, this is the...

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Peer to Peer Lending

·May. 25, 2017

A Look Back at Lending Club’s 10 Years as an Online Lender

It is hard to believe it has been 10 years since Lending Club started operations. Lending Club launched a marketing campaign...

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Peer to Peer Lending

·Aug. 7, 2017

Lending Club Q2 2017 Earnings – Back to Growth

Lending Club’s second quarter earnings marked an important milestone for the company – a return to growth. It seemed as...

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News Roundup Online Lending USA

·Aug. 29, 2017

Chart of the Week: Lending Club and Prosper’s Q217 Originations

Consumer lenders Lending Club and Prosper are reporting growth in originations; for the second quarter Lending Club loan originations reached $2.1473 billion, increasing 10% from the previous quarter and the second quarter of 2016; Prosper originated $774.7 million worth of loans in the second quarter of 2017, an increase from $586 million in Q1 and $445 million in the second quarter of 2016; both companies had high Q1 2016 originations which has kept first half 2017 totals down in comparison to 2016. Source

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News Roundup Online Lending USA

·Sep. 6, 2017

Lend Academy Article: Marketplace Lenders Lending Club and Prosper Respond to Hurricane Harvey

Both Lending Club and Prosper have announced several programs to help borrowers affected by Hurricane Harvey; Lend Academy shares an email to Lending Club investors which states approximately 30,000 live in the affected areas; Lending Club has made changes around collections calls, late fees, credit bureau reporting and hardship plans; Prosper has taken similar actions by waiving late and NSF fees as well as adjusting payment schedules. Source

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Fintech News Roundup USA

·Sep. 18, 2017

PeerIQ Analyzes Lending Club and SoFi Securitizations

The recent PeerIQ weekly newsletter discusses the departure of Mike Cagney from SoFi, the Goldman & Mosaic deal and provides an analysis of recent SoFi (SCLP 2017-5) and Lending Club (CLUB 2017-P1) securitizations. Source

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