LendingClub CEO, Renaud Laplanche joins TheStreet’s Janet Al-Saad Alvarez in an exclusive interview to announce a new partnership with Citi focused on community lending for low and moderate-income families. This is the latest in a series of partnerships designed to help increase the company’s depth and reach in the industry.The company expects to generate over $7.6 billion in new loans this year, surpassing its 2014 $4.4 billion origination record. As the first online lender to IPO and the industry’s largest player, all eyes have been on LendingClub’s stock performance post-IPO. Its shares have suffered after offering forward guidance below street expectations.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
