An Initiative regarding the William Davidson Institute in the University of Michigan

Beyond the Lending Club Scandal – Why market Lending is Nevertheless recommended in appearing areas

Renaud LaPlanche, the business owner CEO whom virtually created the marketplace financing industry making Lending Club a force become reckoned with, resigned in May amidst rumours of fraudulence and malpractice. Since that time, critics are attempting to compose down market financing (or peer-to-peer financing as it’s commonly but mistakenly called) as a business model that is flawed. Continue reading