An industry Looks For Lessons with Lending Club Disgraced

An industry Looks For Lessons with Lending Club Disgraced

Lending Club creator and then-CEO Renaud Laplanche is interviewed on television after their business’s initial general public providing on this new York stock market in nyc. Laplanche resigned. Don Emmert/AFP/Getty Photos hide caption

Lending Club creator and then-CEO Renaud Laplanche is interviewed on television after their organization’s initial general public providing on this new York stock market in ny. Laplanche resigned.

Don Emmert/AFP/Getty Images

There clearly was a scandal rocking the financial industry — or we have to state, a little but essential section of that industry: online financing.

Lending Club — one of many very first businesses to directly link borrowers and investors online — is with in boiling-hot water. Read more