Comments on: Lending Club Quiet Period: Is a Secondary Loan Market Coming?

By: Personal Loan Portfolio

Personal Loan Portfolio — Wed, 28 May 2008 02:34:02 +0000

The more I have thought about it, the more I am uncertain of what it means. It does make one think that a legal team really screwed something up otherwise they could have continued the current process while making the necessary changes - regardless of what positive changes might be coming.

By: DCS

DCS — Tue, 27 May 2008 15:19:14 +0000

I don’t see this as meaning a secondary market is coming at all. I think the key phrase is “may be offered and sold to lenders through our site in the future.” It says “to lenders”, not “by lenders.” I believe they’re just getting their ducks in a row for the regular primary P2P marketplace.

By: Change in Lending Club Cash Burn Rate Due to Quiet Period | Personal Loan Portfolio

Mon, 14 Apr 2008 14:15:51 +0000

[...] borrow money according to their email notice. Those loans will be funded by Lending Club. From the email notice: The borrowing side of our site will remain generally unaffected by this registration process; [...]

By: PLP

PLP — Sat, 12 Apr 2008 04:26:23 +0000

The more I read it, the more I don’t know what the heck it means. Especially since Prosper has not had any issues with their regulatory filing (links to related articles in the Lending Club Quiet Period RoundUp). I am starting to wonder if LC ran afoul of a regulator.

By: P2P-Banking.com Blog » Lendingclub quiet period - lenders can not sign up or bid on new loans

Fri, 11 Apr 2008 16:05:12 +0000

[...] Surprisingly Lendingclub.com stopped signup for new lenders and existing lenders can not make bids on new loans (old loans are continued to be serviced). Borrowers can still obtain new loans - they are funded directly by Lendingclub. The announcement email sent out to members is quoted in this blog post. [...]

By: Lending Club, Prosper.com, and more: P2P Lending News Roundup | Personal Loan Portfolio

Thu, 10 Apr 2008 15:54:04 +0000

[...] articles on Prosper.com, Lending Club, Zopa, GlobeFunder, and Virgin Money. It is unfortunate that Lending Club entered a quiet period just as they were gaining tremendous growth in loan [...]

By: John

John — Wed, 09 Apr 2008 21:24:19 +0000

I read this to mean that they won’t be working through a 3rd party bank to process loans. Direct to/from consumer.

Either by Lending Club request (increased efficiency), or by bank’s request (too many $$’s for a small bank).

-John

By: Lending Club Quiet Period Announcement: A Blog RoundUp | Personal Loan Portfolio

Wed, 09 Apr 2008 12:39:48 +0000

[...] may want to subscribe to the RSS feed or browse the site map. Thanks!I have already commented on Lending Club’s quiet period and referral program suspension. I decided to check other blogs to see what they have to say on the [...]

By: Lending Club Referral Program is Currently Dead… | Personal Loan Portfolio

Wed, 09 Apr 2008 02:02:39 +0000

[...] Personal Loan Portfolio Experience in P2P Lending on Prosper and Lending Club « Lending Club Quiet Period: Is a Secondary Loan Market Coming? [...]