Comments on: Lending Club Halts New Lender Registrations and Referral Program Pending Filing with SEC

By: Tom

Tom — Wed, 22 Oct 2008 14:23:59 +0000

Lending Club has opened up their referral program again with Commission Junction.

By: Carnival of P2P Lending | rocket finance

Carnival of P2P Lending | rocket finance — Fri, 18 Apr 2008 20:50:35 +0000

[...] made through Lending Club are current. We will have to wait and see. Until then, stop by and read Dough Roller’s assessment of the situation. DR has a fairly optimistic view of the [...]

By: DR

DR — Mon, 14 Apr 2008 09:31:05 +0000

If LC were out of money, shutting down the lender registration program would be the last thing they would do.

By: DebtKid

DebtKid — Mon, 14 Apr 2008 00:51:15 +0000

@ Four Pillars – Lending Club is definitely not out of money. Why would they be funding the loans themselves if they were out of the 10 mil that they recently raised?

Anyway, my thoughts:

http://www.debtkid.com/my-take-on-lending-clubs-sec-registration

By: Weekly Roundup - M-Network Website Edition

Weekly Roundup - M-Network Website Edition — Sun, 13 Apr 2008 22:03:20 +0000

[...] Dough Roller talks about Lending Club’s major announcement. [...]

By: Weekend Reading: April 13, 2008 | Moolanomy

Weekend Reading: April 13, 2008 | Moolanomy — Sun, 13 Apr 2008 13:00:34 +0000

[...] this week LendingClub announces that it no longer accept new lenders and terminates the referral program (via The Dough Roller). This drew various responses among the PF bloggers: Chief Family Office is [...]

By: Sunday Morning Middle Class and Hugh Jackman Roundup

Sunday Morning Middle Class and Hugh Jackman Roundup — Sun, 13 Apr 2008 08:32:03 +0000

[...] associated with the Lending Club, there’s been some big news from them this week. Dough Roller shares the news and gives his take on it. Either it’ll destroy them or they’ll come out with something quite soon to revitalize [...]

By: Is Lending Club Bankrupt?

Is Lending Club Bankrupt? — Fri, 11 Apr 2008 11:24:58 +0000

[...] week to members basically saying that they are ceasing to accept any new loans indefinitely. In the email they mention they are filing with the SEC to be able to create a secondary market for their loans, [...]

By: More Lending Club Quiet Period Announcement Links | Personal Loan Portfolio

More Lending Club Quiet Period Announcement Links | Personal Loan Portfolio — Thu, 10 Apr 2008 00:32:38 +0000

[...] Dough Roller also speculated about a secondary market. [...]

By: Four Pillars

Four Pillars — Tue, 08 Apr 2008 17:11:18 +0000

DR – I mean the move to suspend its lending program. I don’t believe this is a cautionary move but rather a sign that they are out of money or have way too many lenders.

I agree the secondary trading market is an excellent idea.

Mike.