Is LendingClub a Buy?

Is LendingClub a Buy?
Dave Kovaleski, The Motley Fool
·4 min read

When it launched in 2006, LendingClub (NYSE: LC) was a pioneer in peer-to-peer lending, offering a digital marketplace for individuals and businesses to obtain loans from one another instead of going through a traditional bank. The matter was settled in 2018 when LendingClub agreed to a $2 million civil penalty, but that didn't stop the slide for investors. LendingClub's momentum is real for one major reason -- it has acquired its own bank.