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FintechNews RoundupUSA
·May. 11, 2020

PeerIQ Newsletter: LendingClub Earnings; PayPal Resilient to COVID-19; Square 4x Reserve Build

PeerIQ provides their perspective on the jobs report from last week which they believe pegs true unemployment in the 18-20%...
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Peer to Peer Lending
·May. 5, 2020

LendingClub Releases Q1 2020 Earnings, Anticipates Originations to fall 90% in Q2

Today LendingClub announced their Q1 2020 earnings. Lenders in the US are being hit hard by the coronavirus and we...
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FintechNews RoundupUSA
·Apr. 23, 2020

Online Lenders Rumored to Make Further Job Cuts

A day after LendingClub made big news by laying off 471 people there are rumors circulating all around the industry...
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FintechNews RoundupUSA
·Apr. 8, 2020

My Quarterly Marketplace Lending Results – Q4 2019

Every quarter, LendIt co-founder Peter Renton shares his marketplace lending returns; in this blog post he shares his Q4 2019...
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Peer to Peer Lending
·Apr. 1, 2020

LendingClub’s Update to Borrowers and Investors Amid COVID-19 Pandemic

By now you’ve probably received many emails from financial institutions related to what they are doing for those impacted by...
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FintechNews RoundupUSA
·May. 6, 2020

LendingClub Releases Q1 2020 Earnings, Anticipates Originations to fall 90% in Q2

We are now getting a sense of the impact of the coronavirus crisis on lenders; yesterday, LendingClub announced their Q1...
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FintechNews RoundupUSA
·Apr. 30, 2020

LendingClub Shares Improvements in Cybersecurity

LendingClub is beefing up their security practices, adding a layer of security to product its data and applications; they are...
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FintechNews RoundupUSA
·Apr. 22, 2020

LendingClub Cutting 460 Staff in Response to Reduced Loan Volume

Yesterday, LendingClub shared that they were laying off 460 people, accounting for 30% of their workforce; the cuts were across...
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FintechNews RoundupUSA
·Apr. 1, 2020

LendingClub’s Update to Borrowers and Investors Amid COVID-19 Pandemic

Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...
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FintechNews RoundupUSA
·Mar. 31, 2020

LendingClub Increasing Interest Rates

LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
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