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LendingClub founder is again and desires to switch bank cards

LendingClub Corp. founder and former Chief Government Officer Renaud Laplanche, who shocked the net lending trade along with his controversial departure two years in the past, is taking a stab now at shaking up bank cards.

Improve, his new San Francisco startup, is creating a private credit score line that’s meant to carry collectively the fixed-rate curiosity of a mortgage with the liberty of utilizing a card. Whereas LendingClub was largely used to assist customers refinance bank card debt, this new product is supposed to be an alternate altogether.

“We’re going to switch bank cards,” Laplanche stated.

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