The Daily Dig for Sunday, May 22

Citigroup denied support to Lending Club

In the days following Renaud Laplanche’s resignation, Citigroup was asked to support Lending Club but said no. Mike Kentz and Joy Wiltermuth explain why.

Lending Club hires Jefferies for loan help

Lending Club has asked investment bank Jefferies to help it find investors for loan funding. Learn more here.

Avant’s struggles add to industry woes

The marketplace lender laid off seven percent of its staff and cancelled expansion plans and other initiatives. Aaron Pressman reports.

Fintech’s tenuous political ties tested by Lending Club debacle

As marketplace lenders establish a presence in Washington, their credibility is being tested by Lending Club’s recent troubles, Elizabeth Dexheimer reports.

Indian P2P attracts funding

i2ifundinghas secured funding from some veteran angels. Learn more here.

Payroll cards comes with issues

Payroll cards are gaining popularity but hidden fees and other problems make them a risk too. Aimee Picchi reports.

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