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LendingClub getting bigger: Now filing with regulators
If you’re an active lender/borrower in the P2P community such as myself, the recent news (seen below) on LendClub’s site may strike as a shocking new development.
“Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future. Until we complete the registration process, we will not accept new lender registrations or allow new commitments from existing lenders. We will continue to service all previously funded loans during this period, and lenders will be able to access their accounts, monitor their portfolios,…
9Apr2008 | S. Oakes | Comments Off | Continued
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