LendingClub's Woes: Can They Turn It Around?

The transcript discusses a company's challenges, including issues with loan transparency and customer relations, leading to a business slowdown. The new CEO, Scott Sanborn, shares efforts to re-engage investors, noting some success but also challenges with reduced investment levels. The outgoing CFO discusses the use of temporary investor incentives and the potential long-term impact on profitability. The competitive market landscape poses additional challenges for the company's growth.

What were the main issues that caused the company's business to virtually seize up back in May?

How did the new CEO, Scott Sanborn, describe the company's progress in re-engaging investors?

What was the year-over-year sales growth reported, and how does it compare to the previous year?

What concerns did the outgoing CFO express regarding the company's use of investor incentives?

What implications did the CFO suggest regarding the company's long-term profitability?