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May 11, 2018  

No Letup in LendingClub Supply

LendingClub is moving ahead with its latest securitization despite accusations from the Federal Trade Commission that it hid fees from borrowers.The $300 million offering is scheduled to hit the market this month with Citigroup running the books. It will be backed by prime-quality loans.While industry participants don’t expect the FTC’s allegations to derail the offering, one investor said the bonds might price at slightly higher...

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