On today’s Consumerism Commentary Podcast, Tom Dziubek speaks with Renaud LaPlanche, co-founder and CEO of LendingClub and Rob Garcia, senior director of product strategy for the same company. The LendingClub teams discusses the benefits and drawbacks of peer-to-peer lending as an alternative to the traditional banking system.
Also in today’s episode, Flexo and Tom Dziubek discuss target date funds.
Production Number: S02E05
Segment Numbers: 42, 44
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[00:00] Introduction from Flexo
[00:37] Interview with Rob Garcia and Renaud LaPlanche
— [00:57] Peer-to-peer lending
— [02:16] Prospective and typical peer-to-peer borrowers
— [03:49] Lending Club’s borrower screening process
— [04:37] Lending Club’s investor protection
— [05:33] Risks for investors
— [06:25] How to invest with Lending Club
— [08:04] Returns for investors
[09:23] Interview with Flexo about target date funds
— [09:39] Introduction to target date funds
— [10:45] Benefits of target date funds
— [12:30] Drawbacks of target date funds
— [14:27] Are there guarantees?
— [15:36] Costs of target date funds
— [17:05] SEC regulation of target date funds
— [19:25] What happens when the funds mature
— [20:26] The SEC and fund fees
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Updated May 7, 2014 and originally published November 22, 2009.