Lending Club reported a smaller loss in the third quarter as the San Francisco-based marketplace lender sought to move beyond a scandal that interrupted its rapid growth.

The onetime darling of the fintech sector recorded a $36.5 million loss between July and September. That was an improvement from an $81.4 million loss during the second quarter, when the company's founder and chief executive was ousted. Lending Club reported a per-share loss of 4 cents during the third quarter, which was better than the 7-cent loss that was the consensus estimate of analysts.

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