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LendingClub exits loan space that is peer-to-peer. LendingClub Personal Loan – 2020 Review

LendingClub exits loan space that is peer-to-peer. LendingClub Personal Loan – 2020 Review

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  • LendingClub, at the time of Dec. 31, is retiring the retail peer-to-peer (P2P) platform that enables consumers to purchase fractions of loans originated by the business, it stated in a securities filing a week ago.
  • The move represents a pivot out of the company that is 14-year-old initial vision, because it makes to be a bank holding company amid its $185 million February purchase of Radius Bank.
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