Monday, August 8, 2016

Fannie Mae CEO Timothy Mayopoulos joining Lending Club board of directors

Lending Club may not be involved in mortgage lending, but its newest board member certainly is. The online lender, which is currently in a state of upheaval and under investigation after the sudden departure of its founder and CEO, Renaud Laplanche, in May, announced Monday that it is adding Timothy Mayopoulos, the CEO of Fannie Mae, to its board of directors.

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