, Columnist
Peer to Fear
Traditional lenders to benefit -- whatever happens to LendingClub
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A chill wind is blowing through the peer-to-peer lending industry in the wake of the abrupt departure of LendingClub's CEO and several managers.
Details of what prompted their exit are still murky. But the company's disclosure of sale abuses and potential conflicts of interest show even the biggest and most transparent platforms can slip up.