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. Auto loans are on the way from Lending Club, according to Chief Executive Renaud Laplanche. During a conference call the first half of this year , Renaud Laplanche confirmed that his company is preparing for a “major consumer credit product launch in last week ” and while this will be the first major expansion to Lending Club ’s suit of products “…it’s 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 the first half of this year , Renaud Laplanche confirmed that his company is preparing for a “major consumer credit product launch in last week ” and while this will be the first major expansion to Lending Club ’s suit of products “…it’s not going to be the last…the plan is really to cover all [the] credit needs of a bank.”