Tagged: springstone

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 Introduces New Education & Medical Financing Product Via Springstone Subsidiary

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

Lending Club P2P Platform Acquires Springstone

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

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