SEC Prompts LendingClub To Divulge More About Loans And Funding

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Categories: Finance Resources
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The Securities and Exchange Commission has actually prompted LendingClub Corp. to divulge more about its loaning operations and has actually questioned the business’s usage of customized “non-GAAP” financial procedures, according to newly released correspondence between the regulator and the online lending institution.

In remark letters in June and October, the SEC asked the business to provide more information about its loan portfolio and sources of funds. The commission also …

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