Lending Club, whose name is often synonymous with online personal loans, helped pioneer the business model of “peer-to-peer” or “marketplace” lending, which matches borrowers with investors willing to ...

SoFi began in 2011 as a student-focused lender but has since expanded to offer personal loans and other banking services. LendingClub was founded in 2006 as a peer-to-peer lending platform. In 2020, ...

The S.E.C. said that Renaud Laplanche had improperly approved alterations to some of the company’s lending products to bolster the company’s financial performance. By Nathaniel Popper Mr. Laplanche ...

Both SoFi and LendingClub are online lending platforms that offer unsecured personal loans to qualifying consumers. LendingClub may offer better interest rates to creditworthy borrowers, but SoFi ...

(Reuters) - LendingClub Corp has hired investment bank Jefferies LLC to help it find investors for loan funding, people familiar with the matter said on Friday, as the U.S. online lender seeks to ...

Lending Club guided investors to a 3Q loss of -$15M to -$30M. This may be optimistic, as originations likely shrunk from $1.9B to $1.5-$1.75B. The company is likely to announce an adjusted loss of $20 ...

LendingClub has launched a home improvement loan program through a new partnership with Wisetack. The program moves LendingClub beyond its core personal loans into point of sale financing for home ...

Davidson Kempner Capital Management LP, Atalaya Capital Management, Nelnet, Inc. and Värde Partners Join Growing list of Marketplace Loan Investors Seeking Competitive Yield SAN FRANCISCO, Nov. 9, ...

SAN FRANCISCO, June 17, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced ...

(Reuters) - LendingClub Corp has hired investment bank Jefferies LLC to help it find investors for loan funding, people familiar with the matter said on Friday, as the U.S. online lender seeks to ...