PYMNTS

MARCH 13, 2017

According to FTC data (from a report mandated by Congress), one in five consumers have at least one error on one of their three major credit reports. According to the CFPB, the three credit bureaus received around eight million requests disputing information since 2011. Roughly 12 million U.S.

CFPB 44

CFPB Settlement FTC Disputes 44

PYMNTS

APRIL 30, 2018

In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans. LendingClub was hit with a lawsuit by the Federal Trade Commission (FTC) last week over claims of “deceptive” practices. The first quarter of 2018 saw that shrink to 15 percent growth and 47 percent revenue.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

PYMNTS

OCTOBER 1, 2018

Earlier this year, LendingClub saw its stock price hit record lows when news broke that the firm was being sued by the FTC for reportedly charging consumers with hidden fees and, in some cases, double-withdrawing payments from consumer accounts. Those effects, however, were short-lived. In 2010, LendingClub added to its war chest with a $24.5

P2P 54

P2P Origination Underwriting Returns 54