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Participation Cap in Fractional Market

Started by Peter, December 08, 2019, 11:00:00 PM

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MarinBB

Did LC do away with the participation cap in the fractional market? I thought that one couldn't buy more than ~10% of a listing, but this one was filled in its entirety by one person when it became available: https://www.lendingclub.com/browse/loanDetail.action?loan_id=163026028" class="bbc_link" target="_blank">https://www.lendingclub.com/browse/loanDetail.action?loan_id=163026028.

TravelingPennies

I spoke with LC and, sure enough, there is no cap on participation in the fractional market so, yes, it's possible for a single investor to take down a whole listing.

Fred93

Really?  Gee.  I guess maybe I should adjust my self-imposed limit!

NEW LOANS:   | aipom.eth 0.299 Ξ | granbull.eth 0.299 Ξ | primeape.eth 1.500 Ξ | ALL