Renaud Laplanche

Investor group suing Lending Club

The Shareholders Foundation has filed a lawsuit in California on behalf of some purchasers of shares of Lending Club over alleged securities law violations by the marketplace lender. The suit alleges Lending Club made inaccurate statements and/or failed to disclose inadequate internal ...

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Alt-fi heavyweights form Marketplace Lending Association

Funding Circle, Lending Club and Prosper Marketplace have launched the Marketplace Lending Association (MLA). The non-profit organization promotes proper business practices and public policy. Among the new organization’s initiatives is the Marketplace Lending Operating Standards, a document addressing investor transparency, ...

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Lending Club joins Millennium Alternative Investment Network

Fintech asset custody solutions provider Millennium Trust Company has added Lending Club to its Millennium Alternative Investment Network (MAIN). MAIN is a centralized, online service which simplifies alternative investment management while providing access to a network of altfi platforms. “MAIN ...

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Lending Club celebrates 2015 results

Despite a plummeting post-IPO share price, there was plenty to celebrate at Lending Club, executives said this week. Loan originations of $2.58 billion in 2015 were an 82 percent increase over 2014’s $1.41 billion. Since being founded in 2006 Lending ...

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The Daily Dig for Thursday, April 2

  Warren stands up to big bank silencing efforts Elizabeth Warren isn’t backing from her efforts to break up big banks, even as they threaten to withhold contributions. Gregory Krieg reports. UK fund manager drops banks for P2P Neil Woodford ...

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The Daily Dig for Monday, September 15

Some great reads if you follow the global development of alternative finance.   Lending Club IPO compared to Google, iTunes Lending Club’s prospectus outlines the ambitious plans Renaud Laplanche and the board have for the company, which they envision being ...

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The Daily Dig for Tuesday, May 13

Today’s Daily Beat chronicles to ongoing development of several topics that keep us going on a daily basis – Bitcoin, real estate crowdfunding, P2P, and the big banks. Mel Watt on Fannie and Freddie’s immediate future Federal Housing Finance Agency ...

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Lending Club IPO looming?

Lending Club announced late yesterday that it will share “some big news” with the world today. Many are speculating it is their-much anticipated IPO, writes Mark Calvey.

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