Tagged: lendingclub

LendingClub Tops 4 Million Users

LendingClub Helping Millions

LendingClub (NYSE: LC), once a marketplace lender and now a digital bank, is reporting that it has topped 4 million “members” adding that the milestone arrives a bit over a year since it morphed into a regulated bank. Amber Carroll, Senior Vice President of Membership… Read More

Digital Bank LendingClub Hires New Chief Technology Officer

Balaji Thiagarajan

LendingClub (NYSE: LC), one of the few nationally chartered digital banks in the US, has appointed a new Chief Technology Officer. LendingClub states that Balaji Thiagarajan will now manage the Fintech’s tech stack as its CTO. Thiagarajan joins LendingClub’s executive leadership reporting directly to CEO Scott… Read More

LendingClub Reports Q4 Results, Net Income Tops $29 Million, Anticipates Full Year 2022 Earnings of Over $100 Million

LendingClub Helping Millions

LendingClub (NYSE:LC), one of the few fully chartered digital banks, has reported Q4 earnings as well as full-year 2021 results. According to a statement by the Fintech, LendingClub earned net income of $29.1 million during Q4 versus a loss of $26.7 million year prior. For… Read More

LendingClub Reports Earnings on January 26th

LendingClub on iPhone X

LendingClub (NYSE:LC), a federally chartered digital bank, will share Q4 results and full-year 2021 performance later this month on January 26, 2022. LendingClub now has a complete year of operating as a digital bank following its acquisition of Radius Bank. LendingClub, once an online lender,… Read More

LendingClub Says No More Yacht Loans

Mediterranean Ocean Antibes France Yacht

LendingClub (NYSE:LC) is exiting the yacht lending sector. While most people were probably unaware that Lendingclub provided loans for boats, the digital bank announced this week that yacht lending will no longer be a part of their business. In a blog post, LendingClub CEO Scott… Read More

Top 10 Fintech Predictions for 2022

The Future of Fintech

6 years is an eternity in Fintech and this is my 6th annual Top 10 Fintech Predictions for 2022. 2021 was a great year for Fintech, billion-dollar IPOs, Crypto, NFTs, and the evolution of blockchain technology has taken over the globe. BigTech are all basically… Read More

CFPB Slams Traditional Banks for Reliance on Overdraft Fees

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The Consumer Financial Protection Bureau (CFPB) is out with a note that hammers traditional banks and their reliance on overdraft fees. Frequently the target of neobanks and other Fintechs, the overdraft fee has been criticized as the $30 cup of coffee when someone inadvertently makes… Read More

LendingClub Says Auto Lending Now Covers 94% of US Population

Bentley Car Auto

LendingClub (NYSE:LC) says its auto lending vertical, launched in 2016, now covers 94% of the US population. LendingClub was initially launched as a peer-to-peer consumer lender. Over time, it has morphed from a marketplace lending platform to a fully chartered digital bank. Adding new verticals… Read More

Responsible Business Lending Coalition Voices Support for Small Business Lending Disclosure Act of 2021

Washington DC Capitol Congress

The Responsible Business Lending Coalition (RBLC), a group that includes online lenders LendingClub (NYSE:LC) and Funding Circle, has issued a statement in support of legislation introduced in both the US House and Senate. The Small Business Lending Disclosure Act of 2021, is described as establishing “common-sense… Read More

Following Gangbuster Quarter, Shares in Digital Bank LendingClub Move Dramatically Higher

Money Eyes Benjamin Look See

LendingClub (NYSE:LC) reported solid quarterly results yesterday that solidly beat earnings estimates. Earnings per share (EPS) came in $0.26 when estimates were expecting less than half of that. Following the news, shares rallied significantly higher and in pre-market trading, LendingClub shares are currently trading up… Read More

LendingClub Reports Net Income of $27.2 Million, Tops Estimates, Raises Guidance

LendingClub LendIt 2017 Making Credit More Affordable

LendingClub (NYSE:LC) has easily topped analyst estimates reporting net income of $27.2 million or an EPS of $0.26. Top line revenue came in at $246.2 million with total sequential revenue growth of 20% outpacing origination growth of 14%, according to the digital bank. Shares in… Read More

LendingClub Hits Another 52 Week High

Escalator Up Rise Increase

It is not just Bitcoin that is hitting new highs. LendingClub (NYSE:LC), once a marketplace lending platform and now a nationally chartered bank, has hit another 52 week high. While Bitcoin is up about 4.28% for the day, LendingClub is doing better showing an increase… Read More

Shares in Digital Bank LendingClub Top 52 Week High

LendingClub at LendIt Welcome

LendingClub (NYSE:LC), a digital bank and online lending platform, has seen its shares print a new 52 week high as markets rally. LendingClub’s shares once trolled the cellar of value trading under $5. Today, the once-moribund equity, has been reanimated and is now trading at… Read More

LendingClub Simplifies Institutional Access to Consumer Loans via its Electronic Trading Platform

New York Stock Exchange Floor Trading Market

LendingClub (NYSE:LC), a digital bank and online lender, has improved its trading system for personal loans. According to a statement from the company it has extended the capabilities of its electronic trading platform named LCX to include LCX Link. This is designed to open access… Read More

Self-Directed IRA Platform Alto Now Working with Bitwise, Grayscale, SkyBridge Capital, Appoints Amin Dabit as COO

Digital Money Dollars Macbook Computer

Alto recently named Amin Dabit as their Chief Operating Officer Dabit has joined the next-gen alternative investment IRA custodian amid “significant growth” according to an update and detailed discussion with Crowdfund Insider on Thursday (August 19, 2021). Alto Solutions, Inc. (Alto), the next-gen self-directed IRA… Read More

LendingClub Financial Health Officer Anuk Nayar Reports that No US Region Is Immune to Falling into Paycheck-to-Paycheck Cycle

Slash Money Dollar Benjamin Sections

LendingClub Corporation (NYSE: LC), the parent firm of LendingClub Bank, the leading digital marketplace bank in the US, has shared key findings from its second Reality Check: Paycheck-To-Paycheck research series. The first report revealed that most US residents (54%) are living paycheck-to-paycheck; this second August… Read More

Boom. LendingClub Reports Strong Results, Boosts Guidance, Shares Rise Dramatically [u]

Scott Sanborn NYSE 1

LendingClub (NYSE:LC), a Fintech that started as a peer-to-peer lender and now operating as a digital bank, has posted strong 2nd quarter results that easily topped expectations. LendingClub finally turned the corner on profitability shredding guidance that had expected a loss. Shares moved considerably higher… Read More

LendingClub Settles with the Federal Trade Commission, Expected to Pay $18 Million Penalty

Washington Monument DC

In the days before Q2 earnings, LendingClub (NYSE:LC) has settled its case with the Federal Trade Commission (FTC), subject to court approval. According to a release distributed by LendingClub, the settlement requires LendingClub to make an $18 million payment for consumer remediation, an amount already… Read More

LendingClub Kicks Off Brand Transition Away from Radius to LendingClub Bank

LendingClubBoatLogo

LendingClub (NYSE:LC), once the largest marketplace lender in the US and now an emerging digital bank, is transitioning away from the Radius Bank brand. As was previously reported, LendingClub acquired federally chartered Radius Bank with the deal closing around the beginning of this year. The… Read More

LendingClub Shuffles Executives as it Focuses on Digital Bank Mission

LendingClub Helping Millions

LendingClub Corporation (NYSE: LC) has announced several executive changes as it focuses on its mission to emerge as a top digital banking operation. In a public statement, LendingClub said it has promoted Ronnie Momen to serve as its first Chief Consumer Banking Officer and hired… Read More

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