LendingClub Increases Interest Rates on Loans, Files 8K on Change [u]

February 22, 2018 @ 7:38 am By JD Alois |

Marketplace lending platform LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission regarding interest rate changes. For most industry followers this shift should come as no surprise. With the Federal Reserve increasing their benchmark rates, with several increases expected in 2018, it… Read More

Lending Club Releases Investor Update on Loss Forecasts

January 18, 2017 @ 5:47 pm By JD Alois |

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes… Read More