Unicorn CEO on the disaster of $1.3 trillion of credit card debt, an all-time high: His fintech wouldn't exist if ‘banks had done a better job' [Fortune]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Fortune
figure that translates to more than $10,000 in high-interest debt for every family in the country. According to Renaud Laplanche , the veteran entrepreneur and CEO of the fintech unicorn Upgrade, this debt crisis is not merely an economic fluke but a direct result of a banking industry that has historically failed its customers. Recommended Video Laplanche, who was also the co-founder of LendingClub before leading Upgrade to a $7.3 billion valuation , was unsparing in a recent interview with Fortune . The fintech sector itself, he claimed, “would not even exist if, frankly, banks had done a better job really delighting their customers with product innovation that moves the needle,” Laplanche said, arguing that the industry's reliance on “nickel and dime” fees and “unpredictable” costs created the very void that he's spent his whole career filling. Laplanche's most pointed criticism was reserved for the credit card itself, a “horrible financial product,” and something that's brou
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LC
News
- LendingClub (NYSE:LC) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=LC&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> frMarketBeat
- LendingClub (NYSE:LC) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- OneMain (OMF) Q4 Earnings Report Preview: What To Look For [Yahoo! Finance]Yahoo! Finance
- Affirm Earnings: What To Look For From AFRM [Yahoo! Finance]Yahoo! Finance
- LendingClub Corporation (LC): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
LC
Earnings
- 1/28/26 - Beat
LC
Sec Filings
- 2/13/26 - Form ABS-15G
- 2/12/26 - Form SCHEDULE
- 2/12/26 - Form 10-K
- LC's page on the SEC website