Loan Originations Boost LendingClub Earnings
The company's Q1 results may fuel hopes that it “can shake off the effects of a two year-old governance scandal and a big regulatory squeeze.”
LendingClub Accused of Hiding Upfront Fees
The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
Prosper’s Loss Increases to $118M in 2016
The online lender's revenue fell 33% as it struggled to obtain loan funding from investors.
LendingClub: Forced to Tap Its Own Balance Sheet?
The DOJ opens an investigation while the marketplace lender hunts for additional capital to fund originations.