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Violation Tracker Current Parent Company Summary

Current Parent Company Name: LendingClub Corp.
Ownership Structure: publicly traded (ticker symbol LC)
Headquartered in: California
Major Industry: financial services
Specific Industry: financial services
Penalty total since 2000$29,796,000
Number of records: 12
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$21,950,0004
financial offenses$7,846,0008
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$21,950,0004
investor protection violation$5,846,0007
banking violation$2,000,0001
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon .
LendingClub Corp.consumer protection violation2021FTC$18,000,000
LendingClub Asset Management LLCinvestor protection violation2018SEC$5,000,000
LendingClub Corporationbanking violation2018USAO$2,000,000
LendingClub Corp. and Springstone Financial, LLCconsumer protection violation2018MA-BKG$2,000,000
LendingClub Corporationconsumer protection violation2020MA-AG$1,250,000
Springstone Financial, LLCconsumer protection violation2015CFPB$700,000
LendingClub Corporationinvestor protection violation2020TX-SEC$400,000
LendingClub Corporationinvestor protection violation2015SC-SEC$150,000
LendingClub Corp.investor protection violation2012MO-SEC$105,000
LendingClub Corp.investor protection violation2012FL-OFR$100,000
LendingClub Corp.investor protection violation2015CA-DFPI$46,000
LendingClub Corporationinvestor protection violation2013ME-SEC$45,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.