The S.E.C. said that Renaud Laplanche had improperly approved alterations to some of the company’s lending products to bolster the company’s financial performance. By Nathaniel Popper Mr. Laplanche ...
There is a scandal rocking the financial industry — or we should say, a small but important part of that industry: online lending. The scandal started with a very big no-no: Employees of Lending Club ...
A consortium of community banks believes it has found a way to compete with their larger peers in the market for consumer loans, a business that has come to be dominated by too-big-to-fail lenders ...
Shares of digital lending platform LendingClub (NYSE:LC) jumped 4.6% in the afternoon session after the Federal Reserve reduced its benchmark interest rate, a move that boosted the financial ...
For much of the summer, Washington’s policy elite have been focused on the question of who will become the next chairman of the Federal Reserve. One of the most powerful positions in the federal ...
LendingClub topped bottom-line estimates as its credit loss provision declined. The company expects to grow its loan book this quarter. Higher interest rates have squeezed the business, but those are ...
The crowdfunding industry has entered a new, and possibly more legitimate space, in the framework of financial services. I refer to the recent S-1 filing of Lending Club (LC), which elevates the ...
4 analysts have expressed a variety of opinions on LendingClub (NYSE:LC) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their ...
LendingClub (NYSE:LC) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of ...
But Renaud Laplanche, Lending Club’s founder, tells me that there are interesting developments ahead on that front, too: he has started talking to companies in Silicon Valley about the idea of ...