More Thoughts on the Lending Club News Plus a Review of Their Q1 Results

“The loan performance on our LC book (as well as Prosper) remains strong. The internal controls and audit process at LC actually worked successfully in this case as this was caught and resolved fairly quickly. We believe the industry will continue to strengthen and grow as a result.”

– Don Davis, Managing Partner at Prime Meridian Capital Management

Amid all the negative news Lending Club actually produces strong quarterly results but they will face challenges going forward.

Read full article on Lend Academy