Biz Break: Lending Club finds its club growing after results, investment

Top of the Order: Back in the Club: One of the most famous things Groucho Marx ever said was how he would never want to be in any club that would want to have him as a member. And to borrow from Groucho’s thoughts, for the last six months investors and potential customers have shown a lack of interest in being part of the club that is San Francisco-based loan marketplace Lending Club. To refresh your memory, earlier this year Lending Club Chief Executive Renaud Laplanche resigned after a slate of improprieties around how some loans were made. Those actions eventually led to the U.S. Department of Justice launching a probe of Lending Club’s business practices. But on Monday, things may have begun to turn around for Lending Club. Lending Club’s shares…


Link to Full Article: Biz Break: Lending Club finds its club growing after results, investment

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