Reuters: Recession Fears Have Online Lenders Scaling Back

Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.

Survey: U.S. Small Business Optimism Remains High at Start of 2019

Overall, American small business owners are approaching 2019 with economic optimism and increased confidence, according to a survey from small business financing company Guidant Financial and online credit marketplace LendingClub.

PayPal Vet Koohestani Joins LendingClub as CTO

LendingClub hired technology veteran Bahman Koohestani as the company’s chief technology officer. Koohestani will report directly to CEO Scott Sanborn.

JPMorgan Agents $200MM Facility for LendingClub

LendingClub Warehouse, a wholly-owned subsidiary of fintech lender LendingClub, entered into a warehouse credit agreement with JPMorgan Chase as administrative agent.

Bloomberg: LendingClub in Talks with Citigroup for Financing

Bloomberg reported that online lender LendingClub is in talks with Citigroup to arrange more funding to support its lending platform.