Hughes, Joseph P.; Jagtiani, Julapa; Moon, Choon-geol - In: Financial innovation : FIN 8 (2022), pp. 1-39
compare the performance efficiency of LendingClub's unsecured personal loans with similar loans originated by banks. Using … 2013, LendingClub's observed NPL ratio and lending efficiency were in line with banks with similar lending volume. However …, its lending efficiency improved significantly from 2013 to 2016. As of 2016, LendingClub's performance resembled the …