LendingClub CEO Resigns After Internal Review on Loans

The video discusses the recent challenges faced by Lending Club, including a sudden market reaction and internal review findings. It highlights the regulatory scrutiny on alternative lenders and the competitive landscape among online lending platforms. The discussion also touches on the implications for creditworthiness and the potential for further regulatory actions.

What does the text suggest about the future of alternative lenders in the market?

Discuss the competitive landscape of online lending platforms as described in the text.