Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,306
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-regulator-sues-lendingclub-over-175853116.html?.tsrc=rss
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-regulator-sues-lendingclub-over-175853116.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."
