The May 9 announcement from Lending Club on the departure of CEO and Chairman Renaud Laplanche came as a shock to the market, as did the subsequent 35% fall in the share price. It has not been a great ...
Recent news and commentary have been anything but optimistic on the future of marketplace lending. But are the negative projections simply drummed up by traditional banks or is there real reason to be ...
Marketplace lending has grown by nearly 150 percent on a compound annual basis for the last half-decade. Strong growth and real longevity mean that most advisors have to consider the role that ...
Marketplace lending can ease the loan shopping experience for consumers by allowing them to compare multiple lenders in one place. Consumers should consider the pros and cons of using a marketplace ...
Lending Club’s IPO was massively successful. Up 56% on the first day of trading. $1B of additional cash raised. Largest IPO out of Silicon Valley in 2014. Higher market valuation than all but 14 banks ...
Warren Buffett is a lot more than just a mega-billionaire and one of the world's most revered investors. He's a philanthropist. He's a wickedly competitive bridge player. He's also a quote machine ...
LOS ANGELES—Marketplace lending is gaining more acceptance in the borrower community, and the platform is starting to compete with the newly popular crowdfunding model as an alternative to traditional ...
In May 2016, LendingClub, a marketplace lender, fired its CEO, Renaud Laplanche, amid questionable lending practices and a conflict of interest in one of Laplanche’s personal investments. To add fuel ...
2016 has been a challenging year for marketplace lenders. Increased regulatory scrutiny, investor discomfort, competition from Goldman Sachs (with the launch of Marcus personal loans) and the ...
A business lending marketplace can be a good choice for borrowers with lower credit scores, new businesses or anyone who wants a faster way to compare loan options. Many, or all, of the products ...
The rapid growth of alternative and marketplace lenders is often attributed to the fact that they don’t face the same strict regulations as banks. But could that change soon? In the last nine months, ...
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