Jim Cramer: I Don’t Like LendingClub’s Business Model

LendingClub's (LC) - Get Report CEO is out because the online lender suffered from a lack of transparency, said TheStreet's Jim Cramer. Cramer added he did not like the business model anyway because that type of lending is slowing down.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.