Lending Club debacle ignites industry soul search, ABS concerns

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Lending Club debacle ignites industry soul search, ABS concerns

Lending club

The sudden departure of Lending Club CEO Renaud Laplanche has shaken observers’ faith in online lending. ABS market sources say that it has exposed another crack in a sector already plagued by legal action, regulatory pressure and doubts over its robustness. Sasha Padbidri reports.

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