20 August 2019
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Latest articles for Lending Club

 

FTC charges Lending Club over 'no hidden fees' claim

26 April 2018  |  6699 views  |  0 News

Lending Club has been charged by the Federal Trade Commission with deceiving customers by promising "no hidden fees" and then taking money from their accounts without authorisation.

 

Big banks more popular than fintechs with US SMEs - survey

13 April 2017  |  11221 views  |  0 News

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

 

Ousted Lending Club CEO Laplanche launches rival platform

06 April 2017  |  6777 views  |  1 News

A year after being forced out of Lending Club, the firm's founder Renaud Laplanche is back with a new online lending platform and $60 million in financing.

 

High rate of defaults hit P2P lending sector

20 February 2017  |  14746 views  |  4 News

Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).

 

Lending Club moves into auto refinancing

25 October 2016  |  3315 views  |  0 Company announcement

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, today announced the launch of an auto refinance product that gives car owners a simple solution to save money on their auto loans.

 

Lending Club loses CFO; posts loss

08 August 2016  |  3934 views  |  0 Company announcement

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, today announced a series of leadership changes.

 

Lending Club names Patrick Dunne chief capital officer

18 July 2016  |  2127 views  |  0 Company announcement

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, announced today that Patrick Dunne has joined Lending Club as Chief Capital Officer.

 

Lending Club names new CEO; axes 179 jobs

28 June 2016  |  7442 views  |  0 News

Troubled marketplace lender Lending Club has appointed a new CEO and announced plans to axe 179 jobs - representing 12% of its workforce - as it bids to revive its fortunes following a turbulent two months.

 

Laplanche talks to investors about Lending Club takeover - Reuters

08 June 2016  |  5266 views  |  1 News

Former Lending Club CEO Renaud Laplanche, who was forced out of the company last month over a loans sale scandal, has been speaking to private equity firms and banks about raising money for a possible buyout of the online lender he co-founded, according to Reuters.

 

NYDFS subpoenas Lending Club over interest rates and fees - WSJ

19 May 2016  |  5664 views  |  0 News

Lending Club's woes continue, with New York state's financial services regulator joining the Justice Department in investigating the online loan marketplace, according to the Wall Street Journal.

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