Search Results for 'lending club'

Is Lending Club Misleading New Investors About Past Performance?

December 3, 2017
Article by:

Lending Club IPO

Above: Lending Club tells new investors that 99% of portfolios aren’t losing money New retail investors interested in the Lending Club platform are greeted with a friendly statistic, that “99% of portfolios with 100+ Notes have seen positive returns.” That’s a slippery statement, which is probably why they footnoted it. The footnote says that only […]

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Good Riddance F and G Notes on Lending Club

November 9, 2017
Article by:

red ink

When Lending Club announced they were discontinuing F and G grade notes on their platform for investors, I wasn’t surprised. Investors in general have been reporting disappointing returns, even dipping into negative territory some months. My own portfolio there is on track to generate a loss for 2017, which seems even worse when I consider […]

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Lending Club is Discontinuing F and G Grade Notes

November 7, 2017
Article by:

Lending Club IPO

Per Lending Club’s website, the company is discontinuing issuance of F & G grade notes. According to an announcement published by the company: We are consistently assessing the value our product delivers to our investors, and have noticed an increase in prepayment and delinquency rate in F and G grade Notes. We feel it is […]

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C-level Credit Exec Leaves Lending Club for Affirm

September 21, 2017
Article by:

business team

Lending Club’s Chief Credit Officer and Interim General Manager, Sandeep Bhandari, has joined fintech lender Affirm, according to Affirm CEO Max Levchin. Levchin posted the following on LinkedIn: I am excited to announce and welcome Sandeep Bhandari to Affirm, Inc. as Chief Strategy and Risk Officer (CSRO). Sandeep joins us from Lending Club where he […]

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PayPal’s Global Head of Product Comm Joins Lending Club

September 14, 2017
Article by:

35884857 - businesswoman hands holding white card sign with welcome aboard text message isolated on grey wall office background.

Anuj Nayar, PayPal’s global head of product communications, has moved on to Lending Club as VP and head of communications, according to published reports. Nayar was also previously Head of Mac Public Relations at Apple from 2003 to 2008. At PayPal, Nayar was the primary spokesperson on a range of proactive and reactive issues, according […]

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Reaction to Lending Club’s New Credit Model

September 13, 2017
Article by:

Lending Club IPO

The few retail investors discussing the recent change Lending Club made to their credit model weren’t exactly optimistic, according to comments on the Lend Academy forum. Of particular concern is grade inflation wherein borrowers who previously scored a C or lower may now find themselves in the A or B category. “We expect loan volume […]

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Lending Club Launches Its Most Advanced Credit Model Ever

September 11, 2017
Article by:

Lending Club Max Loan Size

Lending Club is feeling pretty good about its newest credit model, according to an email that circulated to retail investors this morning. A copy of it is below: We have launched the most advanced and predictive credit model ever used on the LendingClub platform. It’s the latest in LendingClub’s long history of innovation on behalf […]

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Lending Club: Charge-offs will happen

August 16, 2017
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five things to know about lending club notes

A short guide that Lending Club circulated to retail investors yesterday offers them five key pieces of advice. 1. Focus on net returns 2. Charge-offs will happen 3. Diversification is key 4. Monthly payments include principal and interest 5. Reinvestment is critical for consistent returns Lending Club has gradually drawn more attention to the effect […]

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On Bloomberg: Watch Lending Club CEO Scott Sanborn Talk Q2

August 9, 2017
Article by:

Sanborn Bloomberg

On Bloomberg, Lending Club CEO Scott Sanborn said that banks were a critical piece of their platform. In Q2, 44% of all originations were funded by banks. Watch below: Video not loading? Click here

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Lending Club Has Become the Domain of Banks as Peer-to-Peer Continues Decline

August 8, 2017
Article by:

originations by source

Lending Club’s latest quarterly report revealed the future of their platform, as a conduit for banks to make personal loans. As illustrated below, banks have gone from funding only 13% of originations three quarters ago to 44% of all originations in the most recent quarter. That’s an increase from $265 million to $955 million. Source: […]

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