Lending Club has announced that it plans to enter the auto refinancing field as it attempts to regroup following the forced resignation of its founder and CEO Renaud Laplanche in May. Lending Club will begin refinancing car loans for California consumers with FICO scores above 640, and whose cars are less than 7 years old and have been driven fewer than 80,000 miles. New CEO Scott Sanborn says that interest rates for California customers will range from 2.49 percent to 19.99 percent, and that the average borrower could save $1,350 over the life of their loan.