Tagged: renaud laplanche

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Finally, Marketplace Lending Leaders Form Industry Association to Support Sector Growth

As had been rumored for quite some time, marketplace lending leaders Lending Club (NYSE:LC), Prosper and Funding Circle, have announced the creation of an industry association to represent their interests and advocate on behalf of sector growth.  Formed as a not for profit membership organization,… Read More

Lending Club Reacts to Concerns Over Madden vs. Midland Decision

Lending Club (NYSE: LC), the largest marketplace lending platform in the United States, has altered operations in light of concerns over the Madden vs. Midland decision delivered by the Second Circuit Court of Appeals in May last year. This court case has cast a bit of… Read More

Lending Club Reports Operating Revenue of $427 Million. Will Start Share Buyback Program in the Amount of $150 Million

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to… Read More

Retail Investors in New Jersey & Oregon May Now Invest in Lending Club Loans

The national roll-out continues for Lending Club (NYSE: LC) as it adds Oregon and New Jersey to the list of states where investors may lend to borrowers. Lending Club must be approved by each state to allow investor participation.  As of today, Lending Club is open… Read More

Lending Club Raises Interest Rates by 0.25% Matching Fed

Following the move by the Federal Reserve, Lending Club (NYSE: LC) has announced it will increase interest rates by 0.25% thus matching the move by the Fed last week.  The announcement is not unexpected and is similar to what many major banks have announced.  Lending… Read More

Will Marketplace Lenders Feel the Squeeze as Interest Rates Rise?

As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More

Lending Club CEO Renaud Laplanche Comments on Santander Exiting the Purchase of Loans

Lending Club (NYSE:LC) CEO Renaud Laplanche recently commented on the fact that Santander has been compelled to back off from purchasing Lending Club loans – for now.  Laplanche spoke to the FT about the status of the marketplace lending platform and gave an update on industry… Read More

Growing Up: Lending Club Has Been Tested, Survived & is Getting Bigger

  It has been almost a year and a half since my last visit to Lending Club and my last interview with Renaud Laplanche its CEO. A lot has changed since then, but even more has stayed the same. Lending Club is now a public… Read More

Karen Mills on Marketplace Lending: It Is Transformative, But Don’t Count The Banks Out Yet

Karen Mills is currently perched as a Senior Fellow at the Harvard Business School and at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. She spends her time focusing on competitiveness, entrepreneurship and innovation – all extremely important areas of economic… Read More

CEO Renaud Laplanche Discusses Lending Club Earnings Beat (Video)

Lending Club founder and CEO spoke to CNBC earlier today about the most recent quarterly results which were released yesterday. The largest US marketplace lending platform beat streat expectations  reporting an EPS of $0.04 versus expectations of $0.02. Lending Club also boosted expectations for the… Read More

Building Business: Lending Club Grows SME Finance Vertical with New Line of Credit Product

Lending Club (NYSE:LC) is pushing further into the small business lending sector.  The largest marketplace lending platform in the US, has announced a new “multi-draw line of credit product” designed to give SMEs convenient, flexible and affordable credit.  Lending Club has built is online lending… Read More

Renaud Laplanche: Our Ability to Embrace Transparency as an Industry is Really Important

  As the Marketplace Lending industry begins to mature, awareness is growing across the population.  More and more consumers realize they may be able to save time, and money, by doing a greater portion of their banking online. Lending Club, the largest Marketplace Lending platform… Read More

Lending Club Submits Comments to US Treasury as Interest in Marketplace Lending Grows

Lending Club (NYSE:LC), the largest marketplace lending platform in the US today, has submitted their opinion to the US Department of Treasury request for information (RFI) on the eve of the deadline for comments of September 30th, 2015.  Lending Club, the first publicly traded online lending… Read More

Crowdnetic Launches Automated Loan Platform “Marketplace Lending Gateway”

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

Lending Club Now Accepting Investors in Indiana, Kansas & Nebraska

Lending Club (NYSE: LC), the largest direct lending marketplace in the US, is now open to investors in Indiana, Kansas, and Nebraska, bringing the total number of investor states available to retail investors to 36. The process for Marketplace /P2P lending platforms to operate in… Read More

Lending Club Settles with Consumer Financial Protection Bureau on Borrower Confusion Associated with Springstone Financial

Lending Club (NYSE: LC) subsidiary Springstone Financial has agreed to settle with the Consumer Financial Protection Bureau (CFPB) in an issue relate to the “staff’s concerns on possible borrower confusion about the terms of a deferred interest product”.  The program in question was terminated by… Read More

Lending Club: The Kind of Growth Banks Wish For (Video)

Last week Lending Club, the largest marketplace lending platform in the US, released its quarterly financial results.  The numbers beat the street.  But even more important is the fact the direct lending platform is growing.  If you compare their growth to somnolent banks the comparison… Read More

Lending Club Launches APIs for Easy Integration with Online Brokers & Advisors

Marketplace lending platform Lending Club (NYSE:LC)  has announced the release of a series of APIs for online brokers and advisors to more easily connect investors with Lending Club loans.  Labeled Lending Club Open Integration (LCOI), the new feature should make investor interaction more seamless while facilitating… Read More

Marketplace Lenders Band Together on Small Business Borrowers Bill of Rights

Marketplace lending platforms have taken advantage of the fact that many were in attendance in DC for a gathering at the US Department of Treasury to publish a Small Business Borrowers’ Bill of Rights.  The coalition of signees included Funding Circle, Lending Club, Fundera and… Read More

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