In this week’s PeerIQ Industry Update they cover the worries from a flattening yield curve and credit card debt reaching...
We are winding down the year and approaching the time when the news cycle starts slowing down and everyone begins...
The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source
Last week there were significant developments in the legal troubles that have dogged both LendingClub and former CEO Renaud Laplanche...
In April 2018, LendingClub provided us with $5,000 to open a brand new account. Since then we have been chronicling...
LendingClub announced yesterday an expansion of balance transfer loans which they had previously been calling direct payoff; now more borrowers...
After the closing bell yesterday LendingClub reported their earnings for Q4 2018 and the full calendar year; they originated a...
Penny Crosman takes a deep dive into the big news story of the week with analysis of the pending LendingClub...
Today, LendingClub released their Q2 2020 earnings and as expected the results were pretty ugly. As the pandemic takes a...
Last quarter we reported that LendingClub had returned to origination growth. It was a relatively small amount, compared to historical...