Tagged: renaud laplanche

August 19, 2015 @ 1:32 pm By JD Alois  |  

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

August 13, 2015 @ 4:26 pm By JD Alois  |  

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

August 12, 2015 @ 9:24 am By JD Alois  |  

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

August 6, 2015 @ 10:44 am By JD Alois  |  

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

August 4, 2015 @ 4:56 pm By JD Alois  |  

Lending Club has announced that Sandeep Bhandari, Assistant Chief Credit Officer at Capital One Bank and Venture Partner, will join Lending Club as Chief Credit Officer later this month. Bhandari will assume responsibility for credit risk management across all products, replacing in that capacity Lending Club Chief… Read More

August 4, 2015 @ 4:46 pm By JD Alois  |  

The largest marketplace lending platform in the United States reported Q2 results today. Lending Club (NYSE:LC) stated that loan originations grew to $1.91 billion versus the same period year prior where the direct lender facilitated $1.01 billion in loans.  Lending Club said total loans have now… Read More

July 14, 2015 @ 10:28 am By JD Alois  |  

Leading direct lender Lending Club (NYSE: LC) is now available to investors in three new states: Iowa, Oklahoma and Arkansas.  This brings the total number of states allowing individuals to lend to borrowers now at 33.  Lending Club CEO and founder Renaud Laplanche said his… Read More

June 29, 2015 @ 8:26 am By JD Alois  |  

Lending Club (NYSE: LC), the leading peer to peer lender in the United States, is now open to investors in two new states: Texas and Arizona.  It is an odd twist of the regulatory environment that some states allow the option to use platforms like… Read More

June 10, 2015 @ 11:06 am By Samantha Hurst  |  

Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, announced today a Clinton Global Initiative America (CGI America) Commitment to Action to provide $300 million of responsible and transparent financing to 9,500 small businesses in the United States over the next two years. CIM’s capital will be… Read More

May 6, 2015 @ 11:11 am By JD Alois  |  

Lending Club CEO and founder Renaud Laplanche is making the rounds to talk up first quarter financial results which were released yesterday after market close. The peer to peer lending platform beat results yesterday and raised guidance for the rest of the year. Laplanche, speaking… Read More

April 27, 2015 @ 9:07 am By JD Alois  |  

Canaan Partners, one of the Sandhill Road posse in Silicon Valley, is a VC firm that has moved big into the alternative finance space. With over $4.2 billion under management they have the fire power, and the tool kit, to move quickly into promising, early stage… Read More

April 21, 2015 @ 1:59 pm By Erin Hobey  |  

Renaud Laplanche, CEO of Lending Club, co-skipper Ryan Breymaier, and the crew of the 105’ trimaran Lending Club 2 have today established a new world sailing speed record for the 635-nautical mile course from Castle Hill Lighthouse, in Newport, Rhode Island, to Kitchen Shoal Beacon… Read More

April 17, 2015 @ 8:00 am By JD Alois  |  

“Regulators should allow new firms to operate, generate data on the outcomes created by novel business models before writing new rules.” Larry Summers, former Secretary of the Treasury under President Clinton and Director of the National Economic Council under President Obama, delivered a rousing speech… Read More

April 16, 2015 @ 7:40 am By JD Alois  |  

Equity guru Jim Cramer invited one of the leading innovators in the peer to peer, or marketplace lending, space to swing by his Mad Money studio this week.  Renaud Laplanche, CEO and founder of Lending Club (NYSE:LC), the largest peer to peer lender in the… Read More

April 14, 2015 @ 9:37 am By Samantha Hurst  |  

Lending Club (NYSE: LC), the largest online marketplace connecting borrowers and investors, and Citi  (NYSE: C) are launching a pioneering new partnership with Varadero Capital L.P., an alternative management firm focused on specialized credit investments, to facilitate up to $150 million in loans designed to provide more affordable credit to underserved… Read More

April 2, 2015 @ 11:35 am By JD Alois  |  

Renaud Laplanche is best known for turning the world of finance upside down by launching Lending Club – the worlds largest peer to peer lending platform. What you probably did not know is that he is an avid sailor too – and a competitive one… Read More

March 11, 2015 @ 10:30 am By Samantha Hurst  |  

Lending Club (NYSE: LC), a marketplace connecting borrowers and investors, today announced the launch of a partnership with HomeAdvisor, an online home improvement marketplace where homeowners can connect with pre-screened local home repair and improvement professionals. Under this multi-year agreement, Lending Club will be the exclusive partner providing access to loans… Read More

February 24, 2015 @ 7:27 pm By JD Alois  |  

Lending Club got to experience one of the joys of being a public company today; the earnings conference call. Lending Club announced its Q4 results today, along with a forward looking statement sharing what they expect to earn going forward for 2015. The presentation below… Read More

February 24, 2015 @ 4:38 pm By JD Alois  |  

Lending Club (NYSE: LC), the worlds largest peer to peer lending platform, announced its Q4 fiscal results earning an adjusted $0.01 per share on operating revenue of $69.6 million. This was the first quarterly report by the company since it’s IPO in December of 2014…. Read More

February 11, 2015 @ 8:00 pm By JD Alois  |  

Lending Club has formed a partnership with a national consortium of 200 community banks.  The arrangement with Alliance Partners, which manages the BancAlliance, will dramatically boost Lending Club’s reach across the nation as the leading peer to peer lender continues it march to further growth…. Read More