Tagged: springstone

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

November 12, 2014 @ 9:39 am By JD Alois  |  

The worlds largest peer to peer lending platform Lending Club has introduced new products leveraging their acquisition of Springstone.  The Lending Club subsidiary will now offer a new “education and patient financing product”.  The new product and practices are “designed to raise standards for transparency… Read More

April 17, 2014 @ 9:32 pm By JD Alois  |  

P2P lending platform Lending Club has announced the acquisition of Springstone Financial for $140 million in stock and cash.  Springstone is a financial service business that provides affordable options for consumers looking to finance private education and medical procedures.  Springstone brings along a network of over… Read More