Despite the recently announced 'quiet period,' Lending Club's Rob Garcia met with dozens at the Santa Cruz Tech MeetUp on Wednesday. Here's a brief report from the Santa Cruz Sentinel:
"Rob Garcia said Lending Club was an alternative for investors looking for higher returns and borrowers seeking lower interest rates. Rates for personal unsecured loans start at 7.88 percent; a total of $15 million in loans have been issued. The firm is registering with securities officials, and no investments are currently being accepted."
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