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Lending Club
Old 04-25-2018, 01:41 PM   #1
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Join Date: May 2005
Posts: 14,338
Lending Club

I know there was talk a long time ago about investing in various lending clubs etc....

Well, seems that some of the claims were false... not looking good for them...

I wonder what happens to the portfolio if it goes bust.... glad I never got into one of these...


https://finance.yahoo.com/news/u-reg...html?.tsrc=rss

A U.S. regulator sued online lender Lending Club Corp on Wednesday for allegedly overcharging consumers and misleading them on hidden fees.The Federal Trade Commission said in a complaint filed in federal court in California that LendingClub deducted hidden fees from the loans it issued to borrowers, despite promising "no hidden fees."
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