Moody’s Calls Class Action Lawsuit Against Lending Club a Negative for Entire Sector

May 6, 2016 @ 10:09 am By JD Alois |

Rating’s agency Moody’s has published a report that is critical of the marketplace lending sector. Pointing to the class action lawsuit filed in a US District Court against Lending Club (NYSE:LC) on April 6th, Moody’s states that owners of Asset-Backed Loans (ABS) face legal challenges… Read More

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Read more in: General News | Tagged bethune, class action, legal, lending club, madden, marketplace, moody's, p2p, peer to peer