First the settlement. Then the earnings. In tandem with earnings, LendingClub said Tuesday that it has struck a preliminary settlement in a slew of class-action lawsuits tied to company actions that led to negative headlines and scandal two years ago. The terms dictate that the...
May 09, 2018
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up its borrowers with hidden fees on loans proffered through its marketplace – and, in some cases, that it attempted to collect on loans that had already been paid off. The […]
February 21, 2018
First the settlement. Then the earnings. In tandem with earnings, LendingClub said Tuesday that it has struck a preliminary settlement in a slew of class-action lawsuits tied to company actions that led to negative headlines and scandal two years ago. The terms dictate that the total settlement will be $125 million. Of that tally, the […]
