1. Fannie Mae CEO Timothy Mayopoulos Joining Lending Club Board of Directors

    Fannie Mae CEO Timothy Mayopoulos Joining Lending Club Board of Directors

    Lending Club may not be involved in mortgage lending, but its newest board member certainly is. The online lender, which is currently in a state of upheaval and under investigation after the sudden departure of its founder and CEO, Renaud Laplanche, in May, announced Monday that it is adding Timothy Mayopoulos, the CEO of Fannie Mae, to its board of directors ...

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    1. Lending Club has an opportunity to change banking for the better, and I am excited to be part of it.
    2. Through its use of innovative technology, Lending Club makes affordable credit more broadly accessible to individuals, families and small businesses.
    3. His well-established industry experience, track record, integrity and deep financial and legal expertise will be invaluable to Lending Club in our continuing mission to transform the banking system.
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