What Led to Lending Club's Undoing?

The video discusses the discovery of questionable loans at Lending Club, initially uncovered by a data science enthusiast. It highlights transparency issues and potential data manipulation by the company's management to present favorable investment outcomes. The video also explores the broader implications for the peer-to-peer lending industry and Lending Club's efforts to recover, including audits, a new CEO, and attempts to raise capital amidst investor skepticism.

What was the significance of the data found by the individual interested in data science?

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How did the CEO's actions potentially impact the company's reputation?

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What concerns were raised about Lending Club's business practices?

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In what ways might the peer-to-peer lending industry be affected by Lending Club's situation?

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What challenges does Lending Club face in raising additional capital?

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