LC - LendingClub Corporation

NYSE - NYSE Delayed Price. Currency in USD
2.86
+0.09 (+3.25%)
At close: 4:03PM EDT
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Previous Close2.77
Open2.78
Bid0.00 x 0
Ask0.00 x 0
Day's Range2.70 - 3.00
52 Week Range2.69 - 6.56
Volume8,088,503
Avg. Volume6,566,611
Market Cap1.2B
Beta0.93
PE Ratio (TTM)N/A
EPS (TTM)-0.38
Earnings DateMay 8, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.14
Trade prices are not sourced from all markets
  • LendingClub Shareholder Alert: Bernstein Liebhard LLP Announces Investigation On Behalf Of Investors Of LendingClub Corporation - LC
    PR Newswire9 hours ago

    LendingClub Shareholder Alert: Bernstein Liebhard LLP Announces Investigation On Behalf Of Investors Of LendingClub Corporation - LC

    NEW YORK , April 26, 2018 /PRNewswire/ -- Bernstein Liebhard LLP is investigating potential securities fraud claims on behalf of shareholders of LendingClub Corporation ("LendingClub" or the ...

  • Benzinga10 hours ago

    The FTC's Lawsuit Against LendingClub Could Have 'Manageable' Outcome, Says Morgan Stanley

    LendingClub Corp (NYSE: LC ) shares plunged nearly 14 percent Wednesday but began to recover Thursday after the Federal Trade Commission accused the firm of deceptive practices. Even now, though, the Street’s ...

  • ACCESSWIRE10 hours ago

    ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against LendingClub Corporation and Encourages Investors With Losses In Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / April 26, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LendingClub Corporation ("LendingClub" or the "Company") (NYSE: LC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. On April 25, 2018, the Federal Trade Commission (FTC) charged LendingClub with violating the FTC Act and the Gramm-Leach-Bliley Act.

  • PR Newswire11 hours ago

    Wolf Popper LLP Investigates Claims on Behalf of LendingClub Investors

    NEW YORK , April 26, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in LendingClub Corporation (NYSE: LC), concerning the allegations made by the Federal Trade Commission ...

  • PR Newswire11 hours ago

    SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of LendingClub Corporation (LC)

    NEW YORK , April 26, 2018 /PRNewswire/ -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of LendingClub Corporation ("LendingClub" ...

  • MarketWatch14 hours ago

    LendingClub was sued for the fees it charges — how you can avoid being overcharged

    Some consumers paid more than they expected on their loans, and this week they’re seeing some repercussions for their lender. LendingClub (LC), a company that pairs borrowers and investors for peer-to-peer lending, was sued by the Federal Trade Commission this week, after regulators said the company did not make its fees clear enough. The Federal Trade Commission said LendingClub lured in new customers promising “no hidden fees,” but when the consumers got their loans, “origination fees” — fees lenders sometimes charge to take out the loan — were factored into their interest rates.

  • ACCESSWIREyesterday

    NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against LendingClub Corporation and Encourages Investors With Losses In Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / April 25, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LendingClub Corporation ("LendingClub" or the "Company") (NYSE: LC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. On April 25, 2018, the Federal Trade Commission (FTC) charged LendingClub with violating the FTC Act and the Gramm-Leach-Bliley Act.

  • Business Wireyesterday

    LENDINGCLUB CORP. INVESTOR ALERT: Girard Gibbs Investigates Potential Securities Law Violations

    Girard Gibbs LLP is investigating claims on behalf of investors of LendingClub Corporation and purchasers of LendingClub’s Member Payment Dependent Notes involving possible securities law violations.

  • Associated Pressyesterday

    Regulators say LendingClub failed to properly disclose fees

    Federal regulators say LendingClub failed to properly disclose fees on loans that it advertised as having "no hidden fees," but the company disputes that. The Federal Trade Commission says the San Francisco-based company often charged hundreds or even thousands of dollars in fees and didn't properly disclose them. LendingClub says it discloses its origination fees in several places on its website.

  • MarketWatchyesterday

    LendingClub sued by FTC over ‘no hidden fees’ promise

    LendingClub on Wednesday was sued by a federal regulator for allegedly saying it would not charge customers “hidden fees” while actually doing so. According to the Federal Trade Commission, LendingClub, one of the biggest names in the so-called peer-to-peer lending, lured customers with messages saying there are “no hidden fees,” but when funds arrive in customer accounts, they are hundreds or even thousands of dollars short of expectations. “We support the important role that the FTC plays in encouraging appropriate standards and best practices,” LendingClub said.

  • Business Wireyesterday

    EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against LendingClub Corporation – LC

    Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of LendingClub Corporation and purchasers of LendingClub’s Member Payment Dependent Notes resulting from allegations that LendingClub may have issued materially misleading business information to the investing public.

  • The Wall Street Journalyesterday

    [$$] LendingClub's Shares Drop Sharply After FTC's Lawsuit

    LendingClub extends consumer loans of up to $40,000 over the internet and generates the bulk of its revenue by charging borrowers a so-called origination fee. The company deducts this fee, typically around 5% of the amount of the loan, before transferring the remaining proceeds into a borrower’s bank account. Last year, LendingClub earned $448 million in such fees on loan volume of $8.9 billion.

  • Why LendingClub Corp Stock Plunged Today
    Motley Foolyesterday

    Why LendingClub Corp Stock Plunged Today

    A run-in with a regulator could cost the company precious time and money.

  • Shares of LendingClub Corp. plunge to record low after feds sue the fintech for charging fees when it vowed no hidden fees
    American City Business Journalsyesterday

    Shares of LendingClub Corp. plunge to record low after feds sue the fintech for charging fees when it vowed no hidden fees

    LendingClub boasted that its loans carried no hidden fees but then it charged borrowers loan-origination fees of up to 5 percent amounting to several thousands of dollars. The company denied the FTC's charges.

  • FTC Sues LendingClub for Misleading Consumers
    Bloombergyesterday

    FTC Sues LendingClub for Misleading Consumers

    Bloomberg's Lisa Abramowicz reports on the Federal Trade Commission's lawsuit against LendingClub for deceiving customers over hidden fees. She speaks with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg ...

  • CNBCyesterday

    LendingClub plunges after FTC charges the online lender with 'deceiving customers'

    LendingClub sold users on loans with "no hidden fees," but actually collected "hundreds or even thousands of dollars in hidden up-front fees from the loans," the FTC said Wednesday. LendingClub LC plunged as much as 17 percent on Wednesday after the Federal Trade Commission alleged that the online lender "deceived customers" on its fee structure. LendingClub sold users on loans with "no hidden fees," but actually collected "hundreds or even thousands of dollars in hidden up-front fees from the loans," the agency said in a statement.

  • Reutersyesterday

    U.S. regulator sues LendingClub over hidden fees

    A U.S. regulator sued online lender Lending Club Corp on Wednesday for allegedly overcharging consumers and misleading them on hidden fees. LendingClub also allegedly deducted payments automatically from consumers' bank accounts even when they had paid off their loans, or had canceled automatic payments, according to the complaint. Some consumers were allegedly charged double payments, the complaint said.

  • PR Newswireyesterday

    LendingClub Responds to Federal Trade Commission Complaint

    SAN FRANCISCO, April 25, 2018 /PRNewswire/ -- Following an inquiry that began in May 2016, the U.S. Federal Trade Commission (FTC) brought an action against LendingClub (LC) earlier today in the Northern District of California alleging that certain LendingClub practices do not, or in the past did not, comply with the requirements of the FTC and Gramm-Leach-Bliley Acts. LendingClub is committed to delivering a superior customer experience, and appreciates and supports the important role the FTC plays in encouraging appropriate standards and best practices. However, LendingClub believes that the allegations in the FTC's complaint are legally and factually unwarranted. The company is disappointed that it was not possible to resolve this matter constructively with the agency's current leadership and intends to oppose the claims and work towards an early resolution of the matter in Federal Court.

  • MarketWatchyesterday

    FTC charges LendingClub with collecting hidden fees on loans

    The Federal Trade Commission has charged the LendingClub Corporation with falsely promising consumers they would receive a loan with "no hidden fees," when, in actuality, the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans. "This case demonstrates the importance to consumers of having truthful information from lenders, including online marketplace lenders," said Reilly Dolan, acting director of the FTC's Bureau of Consumer Protection, in a statement.

  • LendingClub Drops as FTC Calls `No Hidden Fees' Slogan Deceptive
    Bloomberg2 days ago

    LendingClub Drops as FTC Calls `No Hidden Fees' Slogan Deceptive

    LendingClub Corp., once the Wall Street darling of online lenders, tumbled to a record low after U.S. regulators accused it of misleading consumers with hidden fees and charging borrowers even when they paid off loans. The Federal Trade Commission said in a complaint Wednesday that LendingClub’s conduct, at times flagged by its own compliance department as problematic, violated federal law protecting consumers from unfair and deceptive practices. “Many consumers are forced to pay overdraft fees, while other consumers are unable to pay other bills because they do not have access to the money that defendant improperly withdrew,” the agency said in the lawsuit filed in San Francisco.

  • Bloomberg2 days ago

    FTC Files Complaint Against LendingClub Over Hidden Fees, Loans

    LendingClub Corp. was sued by the Federal Trade Commission, which accused the company of deceiving consumers over hidden fees and loan approvals, according to the complaint filed in federal court in California....

  • Financial Times2 days ago

    [$$] Lending Club accused of duping borrowers over fees

    A US regulator has charged  Lending Club with duping consumers by concealing “hundreds or even thousands of dollars” in hidden, upfront fees, among a catalogue of failings.  In an  action announced on ...

  • Financial Times2 days ago

    [$$] FTC charges LendingClub over false promises to customers

    LendingClub shares hit a record low on Wednesday after the Federal Trade Commission accused the online lender of duping consumers by concealing “hundreds of even thousands of dollars” in hidden, upfront ...

  • FTC Sues LendingClub for Misleading Consumers
    Bloomberg Videoyesterday

    FTC Sues LendingClub for Misleading Consumers

    Apr.25 -- Bloomberg's Lisa Abramowicz reports on the Federal Trade Commission's lawsuit against LendingClub for deceiving customers over hidden fees. She speaks with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Markets."

  • FTC charges Lending Club with deceiving consumers, stock ...
    CNBC Videosyesterday

    FTC charges Lending Club with deceiving consumers, stock ...

    CNBC's Dominic Chu reports that Lending Club stock plunging on charges from the FTC on deceiving consumers about loan term agreements.