well this is concerning:
"If LendingClub meets expected growth expectations, it could be looking at managed receivables portfolio of over $30 billion by the end of 2017. We believe it will be able to avoid any “risk retention requirements,” but are not confident that bank regulators will allow sponsoring banks to continue in their current role without requiring a significant increase in risk-management/compliance systems and capital. To date, the company indicated it has not begun to explore the cost and requirements of licensing its lending operations in all 50 states."
In barron's online today http://online.barrons.com/articles/l...and-1421147033
"If LendingClub meets expected growth expectations, it could be looking at managed receivables portfolio of over $30 billion by the end of 2017. We believe it will be able to avoid any “risk retention requirements,” but are not confident that bank regulators will allow sponsoring banks to continue in their current role without requiring a significant increase in risk-management/compliance systems and capital. To date, the company indicated it has not begun to explore the cost and requirements of licensing its lending operations in all 50 states."
In barron's online today http://online.barrons.com/articles/l...and-1421147033
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