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What the LendingClub Debacle Means for Aussie P2P Lending - Lending Guru
When the American LendingClub board fired the company’s CEO and founder in May for suppressing information about a dubious $22 million loan sale the entire Peer-to-Peer (P2P) lending industry came under a cloud including the fledgling Australian industry. Questions were raised about the reliability of data that the company publishes. As a result, lenders became …