Scott Sanborn

LendingClub’s Structured Certificates Program Surpasses $3 Billion in Loans Sold
LendingClub’s Structured Certificates Program Surpasses $3 Billion in Loans Sold
June 17, 2024  |  Consumer Finance

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023....

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LendingClub Deposits Reach $7.5B as Embedded Finance Beckons   
LendingClub Deposits Reach $7.5B as Embedded Finance Beckons   
April 30, 2024  |  Earnings

LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and...

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LendingClub to Launch Lending, Savings and Spending Super App
LendingClub to Launch Lending, Savings and Spending Super App
July 26, 2023  |  Earnings

LendingClub reported results that showed flat net interest income, but pressure on loan origination volumes — a trend that is likely to persist over at...

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Marketplace Revenues Sink 28% as LendingClub Eyes Lower Loan Originations
Marketplace Revenues Sink 28% as LendingClub Eyes Lower Loan Originations
January 25, 2023  |  Earnings

LendingClub’s results showed that higher interest rates are cutting into investors’ demand to buy loans. The company said in its earnings materials on Wednesday (Jan....

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LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
September 22, 2022  |  Consumer Finance

As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the...

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FinTechs Wary Of US Bank Charter Plan
FinTechs Wary Of US Bank Charter Plan
August 15, 2018  |  Banking

Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are proceeding with caution....

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