In December 2017 LendingClub launched their new certificate investment vehicle. This was a way for certain institutional investors to buy...
Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for...
Today, LendingClub released their Q2 2020 earnings and as expected the results were pretty ugly. As the pandemic takes a...
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...
Lend Academy looks at the shift of returns and interest rates at LendingClub; the company recently brought F & G loans in house and there is a noticeable shift in loan grades offered by the platform. Source
After the closing bell yesterday LendingClub reported their earnings for Q4 2018 and the full calendar year; they originated a...
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
A day after LendingClub made big news by laying off 471 people there are rumors circulating all around the industry...
Yesterday LendingClub released their Q3 earnings; they originated $2.44 billion in loans, up 14% from the previous quarter; revenue was on the lower end of projections, but the company had a lower GAAP loss than expected; Lend Academy shares other highlights from the earnings call. Source