Lending Club

Which fintechs are best positioned to handle a recession?

06/28/19

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

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New LendingClub feature lets customers pay off card debt directly

06/18/19

Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.

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LendingClub turns to outsourcing in latest effort to cut costs

05/07/19

The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.

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John Mack, Mary Meeker leaving LendingClub board

03/29/19

The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.

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Could LendingClub return to profitability in second half?

02/19/19

The online consumer lender trimmed its losses in the fourth quarter and says an adjusted, non-GAAP metric suggests it's on the path to getting out of the red later this year.

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Online lender Marlette reports profit, then takes jabs at the competition

02/01/19

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.

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Fintech targets banks keen for out-of-market CRE loans

01/29/19

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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LendingClub reports 3Q loss but offers rosier outlook

11/06/18

The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.

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Renaud Laplanche’s redemption story is a bad omen for fintech

10/19/18

Despite being barred from the securities industry by the SEC, LendingClub’s founder has found plenty of people to back his latest venture — and that’s a problem.

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