Lending Club eyes charter as landscape evolves

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By Sasha Padbidri
02 Nov 2017

Lending Club is exploring the idea of operating as a bank or obtaining a fintech bank charter in order to keep pace with a changing lending and regulatory landscape, an executive from the marketplace lender said on Thursday.

Speaking at the Digital Lending + Investing conference in New York, Valerie Kay, Lending Club’s head of institutional investor group, said that the platform is considering both pathways as the business grows.

“We’re going to go with all options. We’re looking at potentially being a bank – we ...

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