February of 2021 , is now positioned perfectly for growth . At this point of post-acquisition , the digital marketplace bank has all its lending products in-house and is now issuing them through the bank . “ We ’ re funding personal loans , auto loan refinance , and our purchase finance business through the bank ,” says Sanborn .
“ We also have launched high-yield savings accounts and CDs . That ' s gathering deposits to help fund the loans that we hold on our balance sheet . The next big frontier
It ’ s been long documented that women and minorities end up paying a higher price at the used car dealer for their financing than others
SCOTT SANBORN CEO , LENDINGCLUB
48 October 2022