I have been keeping a daily track of my NAR on all my Lending Club accounts now for almost a...
I receive many emails from readers each week and I read and respond to every one. I thought this email...
By Vivian Wagner A general guide to person-to-person lending sites Choosing the right social lending site depends on your needs,...
Many of us here are obsessed with defaults. We hate to see defaults and we are always looking for ways...
When most individuals look for a loan, they traditionally turn to banks in order to gain access to the money...
The Securities and Exchange Commission (SEC) has requested that Lending Club provide increased disclosure on its loan portfolio and sources of funds also suggesting they improve non-GAAP reporting which is potentially misleading for investors; Lending Club has agreed to provide more disclosure and evolved its SEC filings accordingly however it has defended its non-GAAP accounting procedures, reporting it did not see the measures as misleading; recent requests for added disclosure as a publicly traded company are included in the SEC's last correspondence on November 4; the items remain open and the SEC's most recent correspondence is in addition to its review of the company following the replacement of its CEO in May. Source
The third quarter has drawn to a close and another great month is in the books for Lending Club and...
Last week I wrote about SoFi and their plans to create a securitization of their student loans. Little did I...
What a great month. As I shared earlier this week Lending Club and Prosper combined crossed over the $1 billion...
Lending Club is offering a bonus for IRA investors; Lend Academy provides details in their article; any investor who opens or adds to an IRA account with at least a $5,000 investment by April 30, 2017 will receive a bonus; bonuses range from $150 to $3,000 for investments from $5,000 to $100,000 and over. Source