LendingClub CEO on Loan Criteria, Investors

Dec. 28 (Bloomberg) -- Renaud Laplanche, chief executive officer of LendingClub Corp., talks about the company's strategy to attract investors who buy pieces of LendingClub's loans, its underwriting strategy and criteria, and business model. LendingClub lends money to help consumers pay off credit-card bills, consolidate debt and take vacations. Laplanche speaks with Cory Johnson on Bloomberg Television's "Bloomberg West." Jon Erlichman also speaks. (Source: Bloomberg)