- BySeeking Alpha-
LendingClub (NYSE:LC) is scheduled to announce Q2 earnings results on Wednesday, July 28th, after market close.The consensus EPS Estimate is -$0.39 (+35.0% Y/Y) and the...
LendingClub (LC) agreed to pay $18 million to settle a Federal Trade Commission charges that the company allegedly deceived consumers about hidden fees that it charged and about...
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles.