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
[podcast flashvars="titles: 'Consumerism Commentary Podcast 31: 2009-11-22'"]http://www.consumerismcommentary.com/audio/podcast-031-lending-club-target-date-funds.mp3[/podcast]
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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 January 16, 2010 and originally published November 22, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.