Lending Club Settles Class Action Lawsuit

Federal judges in California approved of Lending Club’s settlement of its 2-year running class action lawsuit with some shareholders. The essence of the suit described well by our friends at Crowdfund Insider, covers a period from 2014 through May 2016. Those of you who were investing in p2p lending at that time, like many of you … Read moreLending Club Settles Class Action Lawsuit

Lending Club’s 2nd Quarter Earnings

After yesterday’s close, Lending Club (symbol: LC) announced its 2nd quarter earnings. If you want to read the entire transcript from the earnings call yesterday, here is a copy at Seeking Alpha. (a free email signup required to read it all) You can also find the numbers and presentation on the LC site. Let’s check … Read moreLending Club’s 2nd Quarter Earnings

Prosper Securitization and Higher Lending Club Investor Minimums

The big two p2p lending platforms for retail investors, Lending Club and Prosper, each have a piece of news this week that we should know about. Both pieces were well covered in Crowdfund Insider with links to follow….. Prosper Securitization Earlier this year, Prosper announced a $5 billion securitization deal with numerous hedge funds and … Read moreProsper Securitization and Higher Lending Club Investor Minimums

Marketplace Lending 2016: Bruised but not Broken

2016 was a tumultuous year in p2plending. Maybe it’s related to growing pains or maybe to something else entirely. The industry definitely took its bumps. Let’s look at some of the major trends in marketplace lending over the course of this year. Lending Club’s Issues Founder and former CEO Renaud LaPlanche was the biggest story … Read moreMarketplace Lending 2016: Bruised but not Broken

Lending Club’s 3rd Quarter Earnings

The industry bellweather Lending Club announced its earnings this morning before the opening bell of the stock market for the week. The consensus of 6 analysts that cover the stock, according to Zacks Investment Research is an EPS (earnings per share) of -$0.10. Let’s see how they actually did. By now you know about what … Read moreLending Club’s 3rd Quarter Earnings

The New Face of Marketplace Lending Isn’t So New

I wish I had a quarter for everytime I’ve heard that Marketplace Lending/Peer to Peer Lending specifically, and FinTech generally are a revolution to the world of finance. Revolutions need leaders. Who would Martin Luther King have been able to look up to for examples of peaceful, effective, non-violent civil disobedience if there was no … Read moreThe New Face of Marketplace Lending Isn’t So New