Alert: FTC v. Lending Club

Despite the winds of deregulation blowing in Washington, DC, on April 25th the Federal Trade Commission  (FTC) filed suit against the nation’s largest online lender (Lending Club) for allegedly engaging in deceptive practices. Specifically the FTC cited four areas of concern:  First, the FTC claimed that the online lender prominently stated that it charged “No … Continue reading Alert: FTC v. Lending Club