“The plan is really to cover all [the] credit needs of a bank.” The CEO of online P2P lender , LendingClub , has confirmed that his company has serious plans to “ eventually to cover the entire range of credit products , ” including auto and student loans . During a conference call last week , Marc Laplanche announced that his company is preparing for a “ major consumer finance product launch in the first half of this year ” and while this will be the first major expansion to LendingClub ’s suit of credit “ … it is not going to be the last … the plan is really to cover all [ the ] credit needs of a bank . ”
The CEO of online P2P lender , LendingClub , has confirmed that his company has serious plans to “ eventually to cover the entire range of credit products , ” including auto and student loans . During a conference call last week , Marc Laplanche announced that his company is preparing for a “ major consumer finance product launch in the first half of this year ” and while this will be the first major expansion to LendingClub ’s suit of credit “ … it is not going to be the last … the plan is really to cover all [ the ] credit needs of a bank . ”