Data Privacy & Security Data Privacy & Security

US FTC-LendingClub deal signals tougher enforcement of financial services, agency says

By Amy Miller
  • 14 Jul 2021 18:49
  • 14 Jul 2021 19:57
LendingClub, which calls itself “America’s largest online credit marketplace,” will pay $18 million to resolve allegations from the US Federal Trade Commission that it deceived consumers by charging hidden fees and failed to protect consumer privacy.

LendingClub is also barred from making misrepresentations to loan applicants and must clearly and conspicuously disclose any

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