[AndyYSCISOdept]

Anyone have any ideas about how Lending club could've handled this differently?

[TStein]

Anyone have any ideas about how Lending club could've handled this differently?

Better compliance for all levels and less greed at the top.

I refer to an old DailyFunder article from a long time ago, " Journalists and insiders often refer to merchant cash advance and the rising alternative business lending industry as the wild west." (And this does refer to FinTech as a whole)

That is from 2014. Fast forward to 2016 and I'd say the law is slowly on its way.

[CreditGuy]

Anyone have any ideas about how Lending club could've handled this differently?

Be honest. It really isn't that hard.

[AndyYSCISOdept]

Be honest. It really isn't that hard.

Apparently so because this(dishonest business practices) seems to happen a lot.

[staten]

Apparently so because this(dishonest business practices) seems to happen a lot.

It's getting worse. They investing Cirrix Capital, a fund that buys their loans. The fact the Renaud and John Mack didn't dislose their individual ownership stakes in this fund to the board is a big deal.....

LC actually provided CREDIT PROTECTION to this fund! Brazen self dealing!

So hey investors, I'm lending club, please buy these notes without credit protection.

So hey fund that I own, I'll give you credit protection against our lousy underwriting to buy these loans so we can growth our origination......

Are you kidding me?