Shares of LendingClub Corp. plunge to record low after feds sue the fintech for charging fees when it vowed no hidden fees
April 25, 2018 at 15:38 PM EDT
LendingClub boasted that its loans carried no hidden fees but then it charged borrowers loan-origination fees of up to 5 percent amounting to several thousands of dollars. The company denied the FTC's charges.