Lending Club CEO resigns
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  1. 05-17-2016, 05:06 PM #1
    CreditGuy
    CreditGuy is offline
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    Lending Club under DOJ investigation.

    Not surprising.

    LC to start holding loans on balance sheet

    They don't have the capital or management acumen in risk/portfolio management to do this well or even effectively.
    "Nobody can make you feel inferior without your consent." -Eleanor Roosevelt
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  2. 05-17-2016, 05:54 PM #2
    FUNd
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    Quote Originally Posted by CreditGuy View Post

    LC to start holding loans on balance sheet
    Can you break down the potential major industry impact or significance of this for us stupid people?
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