FTC sues LendingClub, claiming it deceived borrowers: Los Angeles Times

The Federal Trade Commission has sued LendingClub, claiming the online lender misled consumers with hidden fees and charging borrowers even when the paid off loans, the Los Angeles Times said. The FTC said LendingClub’s conduct violated federal law protecting consumers from unfair and deceptive practices, the story said. LendingClub said it was disappointed by the FTC lawsuit, the LA Times said.