Lending Club

Santander Group invests $40M in consumer lender Upgrade

06/17/20

Other challenger banks focused on personal loans have struggled since the onset of the coronavirus pandemic.

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Battered by coronavirus crisis, online lenders face reckoning

05/14/20

The upstarts enjoyed rapid growth during the long economic expansion. Now they are on the ropes.

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LendingClub reinforces its cyber defenses

04/29/20

The online lender has deployed new software designed to spot security risks early, especially the kind of cloud-data issues that led to the Capital One-Amazon breach.

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Prepping for PPP 2.0, new bankers’ hours, rethinking branch design: Top stories of the week

04/24/20

Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories.

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LendingClub laying off 460 staffers, including president

04/21/20

The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%.

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Online lenders seek to balance the needs of borrowers, investors

03/26/20

While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.

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What LendingClub and Radius saw in each other

02/20/20

The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.

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Simpler is better for fintechs breaking into banking

02/20/20

LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.

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LendingClub to acquire Radius Bancorp for $185 million

02/18/20

The online lender's deal for Boston-based Radius would be the first in history in which a fintech buys a mainstream bank.

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Fintech lenders tighten standards, become more like banks

12/16/19

Easy credit has given way to cautiousness, with financial technology upstarts now seeking households with higher incomes, above-average credit scores and less debt relative to their wages.

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