Tagged: scott sanborn

October 25, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC) has entered a new credit vertical with the launch of an auto loan refinancing product. The marketplace lending platform pointed to the fact that for most consumers an auto purchase is their second largest following their home. Initially only residents of California will… Read More

September 26, 2016 @ 5:19 pm By JD Alois  |  

Lending Club (NYSE:LC) has been on a steady pace rebuilding its executive bench.  Today, the largest marketplace lending platform in the US has announced a new General Counsel. Russell Elmer has been named as the new GC replacing Jason Altieri who has been Lending Club’s… Read More

September 12, 2016 @ 4:37 pm By JD Alois  |  

Lending Club (NYSE:LC), the leading marketplace lending platform in the US, has announced the appointment of Thomas Casey as their new Chief Financial Officer. The hiring comes after long-time executive Carrie Dolan announced her departure several weeks back.  Lending Club described Dolan’s departure as a long… Read More

August 24, 2016 @ 5:33 pm By JD Alois  |  

As part of the rebuilding process Lending Club (NYSE:LC) is seeking out new hires with traditional Wall Street cred.  Today the leading marketplace lending firm has hired not one, but two former Wall Street bankers. Lending Club has appointed Valerie Kay, formerly an MD with Morgan… Read More

August 9, 2016 @ 11:51 am By JD Alois  |  

Lending Club (NYSE:LC) announced earnings yesterday. The Q2 numbers were over-shadowed by the “resignation” of Carrie Dolan, the longtime CFO of Lending Club who joined the company when there were just 40 companies. During the conference call, Lending Club CEO Scott Sanborn stated that Dolan… Read More

August 8, 2016 @ 4:36 pm By JD Alois  |  

Lending Club (NYSE:LC) has announced Q2 2106 financial results reporting almost $2 billion in loan originations. Comparing this quarter to the same quarter in 2015, originations increased by 2%.  Meanwhile losses accelerated with a negative $81.4 million being posted and an adjusted EBITDA of $30.1… Read More

August 7, 2016 @ 7:14 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, is scheduled to announce Q2 earnings tomorrow after the market closes on Monday (August 8). The executive team will be holding a conference call at 5PM ET (2PM PT). The financial performance of… Read More

July 18, 2016 @ 7:56 am By JD Alois  |  

Marketplace lending platform Lending Club (NYSE:LC) has appointed Patrick Dunne as its new Chief Capital Officer.  Dunn, an experienced investment banker, has held leadership roles at BlackRock, Barclays Global Investors and iShares.  Most recently Dunne was head of BlackRock’s San Francisco office and Head of iShares… Read More

June 29, 2016 @ 9:22 am By JD Alois  |  

Lending Club (NYSE:LC) held its annual shareholder meeting yesterday making several announcements including the appointment of Scott Sanborn as CEO, making his position permanent instead of temporary. The largest marketplace lending platform in the US explained to shareholders that many investors paused in May but… Read More

June 28, 2016 @ 7:27 am By JD Alois  |  

Lending Club (NYSE:LC) will be holding its annual meeting today.  Originally the meeting was scheduled for June 7th, the annual meeting was rescheduled for today (June 28, 2016) as it was not yet in a position to provide its shareholders a complete report on the… Read More

June 28, 2016 @ 7:13 am By JD Alois  |  

Scott Sanborn, previously named “Temporary” Chief Executive Officer of Lending Club (NYSE:LC), may now remove the temporary portion of his title.  Sanborn is now the CEO of Lending Club following a decision by the Board of Directors.  The Board has tasked Sanborn with transforming the… Read More

May 20, 2016 @ 1:04 pm By Samantha Hurst  |  

Following a series of unfortunate events, acting CEO of Lending Club (NYSE:LC) Scott Sanborn has offered relatively good news to the individual investor base. According to his recent letter, Sanborn stated that he is continuing to remain confident in the the lending platform as well as his team…. Read More

May 17, 2016 @ 7:04 am By JD Alois  |  

Lending Club (NYSE:LC) CEO Scott Sanborn has sent an open letter to investors regarding data integrity and the recent revelations regarding changes in loan data which occurred this past March. The lack of effective controls caused the downfall and ouster of co-founder and former CEO… Read More

May 16, 2016 @ 9:19 pm By Erin Hobey  |  

Lending Club (NYSE:LC)  received a federal grand jury subpoena last week, after founder and CEO Renaud Laplanche resigned from the board following an internal review of lending and financial practices. According to the P2P lender, $22 million in loans were sold to a single investor against “express instructions as… Read More

May 9, 2016 @ 7:21 am By JD Alois  |  

Lending Club (NYSE:LC) founder and CEO Renaud Laplanche has submitted his resignation to the board of directors following an internal review of a sale of loans to a single investor. According to the company, $22 million in loans were sold to a single investor against “express… Read More

April 21, 2016 @ 9:36 am By JD Alois  |  

Lending Club (NYSE:LC) has hired former McKinsey & Company partner Sameer Gulati as Chief Operations Officer. Simultaneously Scott Sanborn has been promoted to President. Both executives will continue to report directly to CEO Renaud Laplanche. Gulati was previously leader of McKinsey’s Digital Banking practice. As… Read More

February 10, 2015 @ 11:18 am By Erin Hobey  |  

CircleUp announced a new partnership with the leading online financial advisor, Personal Capital. Members can track their CircleUp investments in the Personal Capital app, across both desktop and mobile devices. The integration aims to allow investors to centralize their public and private market investments for the… Read More

January 6, 2015 @ 9:00 am By JD Alois  |  

Scott Sanborn, Lending Club COO & CMO, Becomes First Independent Director for CircleUp Crowdfunding Platform. Investment crowdfunding platform CircleUp, has announced that Scott Sanborn has joined the company’s board of directors the first independent director for the company. Sanborn will continue his leadership role as chief operating… Read More

March 17, 2014 @ 10:19 am By Charles Luzar  |  

According to Lending Memo’s Simon Cunningham, Lending Club is planning to crack down on third party tools making use of screen scrapers. More specifically, Cunningham points to tools that automatically invest on behalf of the user by faking that user’s actions. Note that screen scraping… Read More