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Mass. AG Launches Probe Into LendingClub’s Ad Practices

Law360 (August 9, 2018, 8:33 PM EDT) -- LendingClub Corp. said in a regulatory filing Wednesday that the Massachusetts attorney general is investigating the San Francisco-based peer-to-peer lending company's advertising and disclosure practices to consumers in that state.

In its quarterly 10-Q report filed with the U.S. Securities and Exchange Commission, LendingClub informed its investors that it received a civil investigative demand in June from the Massachusetts office of the attorney general. The filing says LendingClub is cooperating with the investigation.

“This matter is in its early stages and while the company is not...
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