Recent events
Recent events tied to this brand in public sources.
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2022
LendingClub reports fourth-quarter and 2021 results
LendingClub reported fourth-quarter and full-year 2021 results, including fourth-quarter net income of $29.1 million and full-year net income of $18.6 million.
2021
LendingClub announces Adrienne Harris board appointment
LendingClub announced that Adrienne Harris would join its Board of Directors effective July 29, 2021.
2021
LendingClub reaches settlement with the FTC
LendingClub announced an agreement with the Federal Trade Commission that, subject to court approval, would conclude the agency's previously disclosed investigation and litigation. LendingClub disputed the FTC's allegations, and the settlement includes no admission of liability.
2021
LendingClub agrees to $18 million FTC settlement over alleged advertising and fee practices
LendingClub agreed to pay $18 million to settle an FTC dispute over allegedly hidden borrower fees and other alleged misleading practices. The settlement bars misrepresentations to applicants and requires clear disclosure of origination fees; LendingClub did not admit wrongdoing, and the settlement still requires federal judge approval.
2021
FinTron and LendingClub Bank announce partnership
FinTron announced a partnership with LendingClub Bank to offer customers mobile banking services through the FinTron app.
2020
Texas fines LendingClub $400,000 over unregistered loan sales
The Texas Securities Commission fined LendingClub $400,000 for unregistered sales of loans in Texas. A consent order found that LendingClub had to be registered as a dealer in Texas to sell the notes.
2020
LendingClub announces acquisition of Radius Bancorp and Radius Bank
LendingClub announced a definitive agreement to acquire Radius Bancorp and its wholly owned subsidiary Radius Bank in a cash-and-stock transaction valued at $185 million. The transaction is subject to regulatory approval and other customary closing conditions.
2019
LendingClub launches LCX digital loan marketplace
LendingClub launched LCX, an online marketplace designed to connect institutional investors with loans and provide same-day settlement for fully funded loans.