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Shares of Green Dot, the prepaid card company, lost more than half their value Friday after the CEO revealed that its exclusive partnerships with major retailers could soon end.
July 27 -
Former radio DJ Steve Streit has shepherded prepaid marketer Green Dot from its early days to its hard-won Fed blessing to buy a bank.
December 16
John MacIlwaine, a former Visa executive, has been named the chief technology officer at the Lending Club, an online lending platform.
MacIlwaine most recently served as chief information officer at prepaid company Green Dot (GDOT). His
Lending Club provides personal loans to consumers with strong credit by connecting borrowers directly with investors on its website.
"Having worked in both the consumer finance and retail brokerage spaces, I have a deep appreciation for the technology platform that Lending Club has built," MacIlwaine said in a press release Tuesday.
"Lending Club is positioned directly at the convergence of technology and financial services, which fits perfectly with my expertise and passion. I'm pleased to join the team at a very exciting point in Lending Club's growth and look forward to helping drive the continued scaling of Lending Club's technology infrastructure," he added.