Renaud Laplanche, Lending Club CEO Resigns For Sales Violations — TIME

Renaud Laplanche, the chief executive and chairman on Lending Club, resigned after an internal review found violations in sales practices. According to the LA Times, $22 million in near-prime loans to an investor in March and April violated the investor’s instructions “as to a non-credit and non-pricing element,” the peer-to-peer loan company said in a…

via Renaud Laplanche, Lending Club CEO Resigns For Sales Violations — TIME

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