Lending Club

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16h
Fortune
Here's Why Investments in Online Lenders Dropped 44% This Yearinto online lending platforms have fallen sharply this year, according to a new
Here's Why Investments in Online Lenders Dropped 44% This Year
Fortune / Posted 16 hours ago
into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory scrutiny that have made investors shy away from the risks. Equity investments into... Read more
16h
Reuters
Investments in online lenders fall 44 percent as investors shy from risksA woman looks at her phone as she passes by a Lending Club banner on the facade
Investments in online lenders fall 44 percent as investors shy from risks
Reuters / Posted 16 hours ago
A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. SAN FRANCISCO Investments into online lending platforms have fallen sharply this year, according to a new report,... Read more
2d
Lifehacker Australia
The Normal Person's Guide To Alternative Investmentsfund, for example, is FSAGX. There are other creative options, too. You could
The Normal Person's Guide To Alternative Investments
Lifehacker Australia / Posted 2 days ago
fund, for example, is FSAGX. There are other creative options, too. You could try peer-to-peer lending using a tool like Lending Club. I have about one per cent of my portfolio invested in them, and the returns aren’t great, but others have... Read more
2d
Financial Planning.com
Robo advisers' next offering: Loansmarket in the U.S. alone is estimated to be over $3 trillion, according to rese
Robo advisers' next offering: Loans
Financial Planning.com / Posted 2 days ago
market in the U.S. alone is estimated to be over $3 trillion, according to research and valuations of P2P lenders such as Lending Club. According to the Hedgeable's last ADV, the digital advice provider manages $50.5 million in assets and counts... Read more
2d
Business Insider
A startup backed by the hero of 'The Big Short' is attempting to bring Wall Street to Main Streetrisk of higher defaults. The modern peer-to-peer lending industry in the US re
A startup backed by the hero of 'The Big Short' is attempting to bring Wall Street to Main Street
Business Insider / Posted 2 days ago
risk of higher defaults. The modern peer-to-peer lending industry in the US really started with the launch of Prosper and Lending Club in 2006, and it is forecasted to reach over $150 billion by 2025, according to a report by PWC. PeerStreet... Read more
2d
FOX Business
12 Reasons to Hate Bank Stocksand other digital payment technologies are challenging banks in the transaction
12 Reasons to Hate Bank Stocks
FOX Business / Posted 2 days ago
and other digital payment technologies are challenging banks in the transaction business. Marketplace lenders such as Lending Club (NYSE:LC) are using the internet to cut banks out of the lending process, giving customers easier access to... Read more
2d
FOX Business
12 Reasons to Hate Bank Stocksand other digital payment technologies are challenging banks in the transaction
12 Reasons to Hate Bank Stocks
FOX Business / Posted 2 days ago
and other digital payment technologies are challenging banks in the transaction business. Marketplace lenders such as Lending Club (NYSE:LC) are using the internet to cut banks out of the lending process, giving customers easier access to... Read more
8d
Business Insider
This Peter Thiel-backed startup just took a major step toward replacing your bankand expense sharing. "The customer could have an account with us, but they can
This Peter Thiel-backed startup just took a major step toward replacing your bank
Business Insider / Posted 8 days ago
and expense sharing. "The customer could have an account with us, but they can invest some money with or get a loan from Lending Club, or do an international transfer with Transferwise," Stalf previously told Business Insider. "Then we would be... Read more
9d
Fortune
How Chinese Search Giant Baidu Is Getting Deeper Into BankingAmerican Expressaxp, online financial marketplace Lufax, and Everbright Bank in
How Chinese Search Giant Baidu Is Getting Deeper Into Banking
Fortune / Posted 9 days ago
American Expressaxp, online financial marketplace Lufax, and Everbright Bank in China. While online lending sites like Lending Club lc have faltered in the United States, the market is strong in China. The peer-to-peer lending market reached... Read more
10d
Technode
The Impact Of Ezubao On China's P2P Lending Industry: Q&A With The Co-Founder of Dianrong.comRenrendai (人人贷) and Yirendai (宜人贷). The company was started by Kevin Guo and So
The Impact Of Ezubao On China's P2P Lending Industry: Q&A With The Co-Founder of Dianrong.com
Technode / Posted 10 days ago
Renrendai (人人贷) and Yirendai (宜人贷). The company was started by Kevin Guo and Soul Htite, the former CTO and co-founder of Lending Club, a P2P lending company in the U.S that went public in 2014. According to Dianrong.com, the platform has... Read more
10d
Business Insider
This startup just raised over $330 million to help you pay off your college loansloans" — an additional perk employers could offer employees to attract top tale
This startup just raised over $330 million to help you pay off your college loans
Business Insider / Posted 10 days ago
loans" — an additional perk employers could offer employees to attract top talent. Startups like CommonBond, SoFi, and Lending Club have gained traction in the student-lending arena by seeking out qualified borrowers and marketing refinancing... Read more
10d
Fast Company Magazine
CommonBond Gets $30 Million To Take On SoFiIt’s been a dark and gloomy 12 months for online lending. OnDeck stumbled, Lend
CommonBond Gets $30 Million To Take On SoFi
Fast Company Magazine / Posted 10 days ago
It’s been a dark and gloomy 12 months for online lending. OnDeck stumbled, Lending Club imploded, and regulators started circling. Capital has largely evaporated and layoffs are underway. Analysts expect to see a wave of consolidation in the year... Read more
11d
CNBC
Worried about Netflix? Forget itthe hottest ones out there, especially ones focused on small business online le
Worried about Netflix? Forget it
CNBC / Posted 11 days ago
the hottest ones out there, especially ones focused on small business online lenders. The group was hit hard following the Lending Club situation, and since then various online lenders have cut loan organization targets for 2016 with concerns for... Read more
11d
techcentral.ie
Digital transformation is about business reality… in a digital worldthey want a slice of it. But established businesses are also seeing their margi
Digital transformation is about business reality… in a digital world
techcentral.ie / Posted 11 days ago
they want a slice of it. But established businesses are also seeing their margins cut by alternative offerings — look at Lending Club versus traditional banking, for example.” There are broader trends, Sholay points out, like the ways in which... Read more
15d
Channel NewsAsia
Venture capital investments rebound for tech startupsfell 25 percent to US$601 million, likely a response to recent struggles at len
Venture capital investments rebound for tech startups
Channel NewsAsia / Posted 15 days ago
fell 25 percent to US$601 million, likely a response to recent struggles at lending platforms Prosper Marketplace and Lending Club. "We've gone pretty cold on these lending platforms," Gordon said. (Reporting by Heather Somerville; Editing... Read more
8 related stories
15d
Reuters
Venture capital investments rebound for tech startupsfell 25 percent to $601 million, likely a response to recent struggles at lendi
Venture capital investments rebound for tech startups
Reuters / Posted 15 days ago
fell 25 percent to $601 million, likely a response to recent struggles at lending platforms Prosper Marketplace and Lending Club. "We've gone pretty cold on these lending platforms," Gordon said. (Reporting by Heather Somerville; Editing... Read more
8 related stories
16d
FOX Business
Americans Are Embracing the Sharing Economyeconomy, but are less engaged in crowdfunding. Instead, they are more likely to
Americans Are Embracing the Sharing Economy
FOX Business / Posted 16 days ago
economy, but are less engaged in crowdfunding. Instead, they are more likely to visit peer-to-peer lending sites such as Lending Club, PeerForm, and Prosper. "This suggests that digital migrants are open to exploring collaborative investment... Read more
2 related stories
16d
FOX Business
Americans Are Embracing the Sharing Economyeconomy, but are less engaged in crowdfunding. Instead, they are more likely to
Americans Are Embracing the Sharing Economy
FOX Business / Posted 16 days ago
economy, but are less engaged in crowdfunding. Instead, they are more likely to visit peer-to-peer lending sites such as Lending Club, PeerForm, and Prosper. "This suggests that digital migrants are open to exploring collaborative investment... Read more
2 related stories
18d
CNBC
Personal loans are a fast-cash option for borrowers with the best creditmore than banks issued and a 520 percent increase from 2013. But there has been
Personal loans are a fast-cash option for borrowers with the best credit
CNBC / Posted 18 days ago
more than banks issued and a 520 percent increase from 2013. But there has been recent upheaval in the industry, with Lending Club subject to woes including regulatory scrutiny and firm Vouch shuttering. "You want to make sure that you look... Read more
19d
Fortune
Why FinTech Could Be a Casualty of Brexitemerging daily to challenge the existing system of how we transmit money (PayPa
Why FinTech Could Be a Casualty of Brexit
Fortune / Posted 19 days ago
emerging daily to challenge the existing system of how we transmit money (PayPal), use credit cards (Square), get a loan (Lending Club), or even what we think of as money (Bitcoin). Before Brexit, London had many advantages, including a smart... Read more
19d
FOX Business
6 Things Lending Club's Co-Founder Wants You to KnowDonovan is a co-founder, former board member, and former chief operating office
6 Things Lending Club's Co-Founder Wants You to Know
FOX Business / Posted 19 days ago
Donovan is a co-founder, former board member, and former chief operating officer at the online lending marketplace Lending Club . Today, Donovan is the chief strategy officer at CircleBack Lending, another marketplace lender. I recently... Read more
19d
FOX Business
6 Things Lending Club's Co-Founder Wants You to KnowDonovan is a co-founder, former board member, and former chief operating office
6 Things Lending Club's Co-Founder Wants You to Know
FOX Business / Posted 19 days ago
Donovan is a co-founder, former board member, and former chief operating officer at the online lending marketplace Lending Club . Today, Donovan is the chief strategy officer at CircleBack Lending, another marketplace lender. I recently... Read more
22d
FOX Business
Why This Lending Club Co-Founder Thinks the Market Is Wrong About Online LendersImages. In late May, I sat down with John Donovan, co-founder and former Chief
Why This Lending Club Co-Founder Thinks the Market Is Wrong About Online Lenders
FOX Business / Posted 22 days ago
Images. In late May, I sat down with John Donovan, co-founder and former Chief Operating Officer of LendingClubCorp. . Lending Club, an online marketplace lender, has been in the news a lot over the past few months for all the wrong reasons.... Read more
22d
FOX Business
Why This Lending Club Co-Founder Thinks the Market Is Wrong About Online LendersBelow In late May, I sat down with John Donovan, co-founder and former Chief O
Why This Lending Club Co-Founder Thinks the Market Is Wrong About Online Lenders
FOX Business / Posted 22 days ago
Below In late May, I sat down with John Donovan, co-founder and former Chief Operating Officer of LendingClubCorp. . Lending Club, an online marketplace lender, has been in the news a lot over the past few months for all the wrong reasons.... Read more
28d
Zero Hedge
Lending Club's Biggest Fund Slammed With Redemptions For 58% Of Assets, Posts First Ever Negative Monthare as of this moment unknown, with the company forced to dramatically change s
Lending Club's Biggest Fund Slammed With Redemptions For 58% Of Assets, Posts First Ever Negative Month
Zero Hedge / Posted 28 days ago
are as of this moment unknown, with the company forced to dramatically change strategy. A just as signficiant problem for Lending Club is that as of June 17, the credit fund had received $442 million in redemption requests, or 58% of its overall... Read more
29d
Bankrate.com
Bad idea: Lying on a personal loan applicationthe majority of this information, which may be incomplete, inaccurate or intent
Bad idea: Lying on a personal loan application
Bankrate.com / Posted 29 days ago
the majority of this information, which may be incomplete, inaccurate or intentionally false." Another online lender, Lending Club, says it conducts income and employer verification on about 72% of its loans. Verification may be... Read more
29d
San Antonio Express-News
Step by Step: Lending Club Business Loan Application in Real Timeonline lenders. We show you what you can expect screen by screen as you submit
Step by Step: Lending Club Business Loan Application in Real Time
San Antonio Express-News / Posted 29 days ago
online lenders. We show you what you can expect screen by screen as you submit your application. Table of contents Lending Club loan application summaryPre-qualificationLoan quoteProviding business bank account informationSubmitting... Read more
30d
New York Post
Lending Club’s shady loan confession helps stock riseLending Club is cleaning out the skeletons in its closet — and Wall Street coul
Lending Club’s shady loan confession helps stock rise
New York Post / Posted 30 days ago
Lending Club is cleaning out the skeletons in its closet — and Wall Street couldn’t be happier. Former Chief Executive Renaud Laplanche and three of his family members took out $722,000 in loans in 2009 in order to make their company look healthier... Read more
25 related stories
1m
San Francisco Chronicle
Lending Club to lay off 179Lending Club plans to lay off 179 workers, or about 12 percent of its workforce
Lending Club to lay off 179
San Francisco Chronicle / Posted a month ago
Lending Club plans to lay off 179 workers, or about 12 percent of its workforce, its latest response to a still-unfolding crisis that has cooled investors’ interest in the firm’s loans and pushed the company to fire its founding chief executive. The... Read more
25 related stories
1m
Silicon Valley
Lending Club cuts 179 jobs, promotes interim CEO Scott Sanborn to permanent chiefSAN FRANCISCO -- Embattled online loan marketplace Lending Club on Tuesday name
Lending Club cuts 179 jobs, promotes interim CEO Scott Sanborn to permanent chief
Silicon Valley / Posted a month ago
SAN FRANCISCO -- Embattled online loan marketplace Lending Club on Tuesday named a new chief executive and said it will cut 12 percent of its workforce as it deals with the continued fallout from May's forced resignation of ex-CEO Renaud... Read more
25 related stories
1m
KTHV Little Rock
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KTHV Little Rock / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
First Coast News
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
First Coast News / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
KGW Channel 8 Portland
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KGW Channel 8 Portland / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
KENS 5 San Antonio
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KENS 5 San Antonio / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
KTVB Boise
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KTVB Boise / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
5KSDK St. Louis
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
5KSDK St. Louis / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
WGRZ-TV Buffalo
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
WGRZ-TV Buffalo / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
KVUE-TV Austin
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KVUE-TV Austin / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
KREM.com Spokane
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
KREM.com Spokane / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
The Mercury News
Lending Club cuts 179 jobs, promotes interim CEO Scott Sanborn to permanent chiefSAN FRANCISCO -- Embattled online loan marketplace Lending Club on Tuesday name
Lending Club cuts 179 jobs, promotes interim CEO Scott Sanborn to permanent chief
The Mercury News / Posted a month ago
SAN FRANCISCO -- Embattled online loan marketplace Lending Club on Tuesday named a new chief executive and said it will cut 12 percent of its workforce as it deals with the continued fallout from May's forced resignation of ex-CEO Renaud... Read more
25 related stories
1m
WCSH 6 Portland
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
WCSH 6 Portland / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
WCNC Charlotte
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
WCNC Charlotte / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
FOX Business
LendingClub Says Ex-CEO Took Loans to Boost Volumeon investors' ability to redeem money from one of the funds, according to a let
LendingClub Says Ex-CEO Took Loans to Boost Volume
FOX Business / Posted a month ago
on investors' ability to redeem money from one of the funds, according to a letter to investors seen by Reuters. Lending Club said in the letter that investors in the Broad Based Consumer Credit (Q) Fund have asked to redeem $442 million,... Read more
25 related stories
1m
FOX Business
LendingClub Says Ex-CEO Took Loans to Boost Volumeon investors' ability to redeem money from one of the funds, according to a let
LendingClub Says Ex-CEO Took Loans to Boost Volume
FOX Business / Posted a month ago
on investors' ability to redeem money from one of the funds, according to a letter to investors seen by Reuters. Lending Club said in the letter that investors in the Broad Based Consumer Credit (Q) Fund have asked to redeem $442 million,... Read more
25 related stories
1m
Fortune
Lending Club Alleges Ex-CEO Took Loans to Boost VolumesLending Club alleged on Tuesday that its founder and former Chief Executive Off
Lending Club Alleges Ex-CEO Took Loans to Boost Volumes
Fortune / Posted a month ago
Lending Club alleged on Tuesday that its founder and former Chief Executive Officer Renaud Laplanche took out loans from the online lender in order to inflate the company’s volumes. Laplanche and his family took out the loans from Lending Club in... Read more
25 related stories
1m
Los Angeles Times
Lending Club plans layoffs, discloses loans to former CEO and family membersLending Club plans to lay off 179 workers, or about 12% of its workforce, its l
Lending Club plans layoffs, discloses loans to former CEO and family members
Los Angeles Times / Posted a month ago
Lending Club plans to lay off 179 workers, or about 12% of its workforce, its latest response to a still-unfolding crisis that has cooled investors’ interest in the firm’s loans and pushed the company to dismiss its founding chief executive. The San... Read more
25 related stories
1m
CNBC
LendingClub shares climb after naming Sanborn permanent CEO"Scott and the management team have demonstrated they can lead Lending Club thr
LendingClub shares climb after naming Sanborn permanent CEO
CNBC / Posted a month ago
"Scott and the management team have demonstrated they can lead Lending Club through this turbulent time," Hans Morris, LendingClub's chairman, said in a statement. "We have demonstrated the power of the Lending Club marketplace model to generate... Read more
25 related stories
1m
USA Today
Lending Club says improper loans extended to ex-CEO's familyLending Club named a new CEO in a bid to restore confidence in the troubled pee
Lending Club says improper loans extended to ex-CEO's family
USA Today / Posted a month ago
Lending Club named a new CEO in a bid to restore confidence in the troubled peer-to-peer banking alternative under investigation for improper loan practices — activities it now says extended to the family of founder and former CEO Renaud... Read more
25 related stories
1m
USA Today
Tech Five: Xerox appoints Icahn exec to boardXerox confirmed it will split into two companies, one focused on document techn
Tech Five: Xerox appoints Icahn exec to board
USA Today / Posted a month ago
Xerox confirmed it will split into two companies, one focused on document technology and a second on business services. Lending Club. Scott Sanborn will take over as permanent CEO, the company confirmed Monday. Sanborn has served as acting CEO... Read more
1m
Reuters
Lending Club cuts jobs, reveals more questionable loans by ex-CEOA woman looks at her phone as she passes by a Lending Club banner on the facade
Lending Club cuts jobs, reveals more questionable loans by ex-CEO
Reuters / Posted a month ago
A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. Lending Club Corp (LC.N) said it would cut 12 percent of its workforce as loan originations decline, and the online... Read more
25 related stories
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