Tag: LendingClub

Capital and Risk, Credit

Best Egg Will Broaden to Financing Purchases in 2018

December 27, 2017

Via: Bank Innovation

EXCLUSIVE—Marketplace lender Best Egg will move towards financing consumer purchases, including homes, as it looks to expand in 2018, the company told Bank Innovation. The company will be focusing on offering loans and services that will “create a stronger relationship” […]

Activity, Capital and Risk, Credit, Trading

LendingClub shares tumble 23% on plan to tighten credit scores

November 8, 2017

Via: Market Watch

LendingClub Corp. on Tuesday reported earnings in line with Wall Street expectations, but a plan to restrict lending to all but the most creditworthy borrowers send the stock down 23% in Wednesday morning trading. “We estimate this cuts originations – […]