Post Tagged with: "loan sales"

LendingClub Makes Deal to Offload Loans to Auto Finance Company

LendingClub Makes Deal to Offload Loans to Auto Finance Company

by July 15, 2013 at 11:01 am 3 comments

LendingClub has quietly inked a deal to offload the risk in the personal loans originated on its platform. And, surprisingly, that deal is with an auto lender. Santander Consumer USA, it was disclosed last week, has made a deal to acquire unsecured consumer loans originated on the peer-to-peer lending platform. The dealRead More