Quote from Ndubuisi Ekekwe on October 12, 2020, 7:44 PM

LendingClub began with full focus on retail investors. Today, it is backed by institutional investors as working with retail investors does not work when the sum to finance is huge:"LendingClub Closing Down Their Platform for Retail Investors".

"As we move towards becoming a full-spectrum fintech marketplace bank, we have looked closely at our current and future product suite and have started development of new products to help our members keep more of what they earn and earn more on what they keep. Unfortunately, under a prospective banking framework, it is not economically practical for LendingClub to continue to offer Notes. So, we had to make the difficult decision to retire the Notes platform effective December 31, 2020."