Lend Academy looks at the shift of returns and interest rates at LendingClub; the company recently brought F & G loans in house and there is a noticeable shift in loan grades offered by the platform. Source
The lawsuit according to Crowdfund Insider names former CEO Renaud Laplanche along with current and former board members as well as former CFO Carrie Dolan; according to the complaint: "Throughout the period December 11, 2014 and continuing through May 9, 2016 (the "Relevant Period"), the individual defendants breached their fiduciary duties to LendingClub by failing to institute adequate internal controls regarding financial disclosures, related party transactions, and data integrity and security, all while causing LendingClub to represent in the Registration Statement and a series of subsequent filings that such controls were sufficient."; two shareholders filed the suit. Source
In April 2018, LendingClub provided us with $5,000 to open a brand new account; since then we have been chronicling the...
In April 2018, LendingClub provided us with $5,000 to open a brand new account. Since then we have been chronicling the status...
Last quarter we reported that LendingClub had returned to origination growth. It was a relatively small amount, compared to historical...
Every quarter we check in on the public online lenders. This includes LendingClub, OnDeck and GreenSky. LendingClub and Greensky reported...
Both Marlette and LendingClub now have their own securitization platforms which has broadened their investor base; Sid Jajodia, chief investment officer at LendingClub spoke at the Structured Finance Industry Group’s conference in Las Vegas this week and discussed the importance of brining LendingClub’s loans in-house; he also spoke about their new whole-loan structured product announced in December as well as changes that might make sense for the company in the future; Karan Mehta, head of capital markets for Marlette discussed changes they are making to their whole-loan program. Source
In this week’s PeerIQ Industry Update they cover the worries from a flattening yield curve and credit card debt reaching...
LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
Eric Satz soon realized there was a problem. The year was 2014 and he was trying to use his IRA...