The CEO of fintech company Lending Club is stepping down and now the stock is crashing (LC)

Lending Club CEO Renaud Laplanche is stepping down from his position with the company after an internal review. 

In pre-market trade on Monday following the news shares of the company were down as much as 28%. 

In a statement Monday morning, Lending Club said, Laplanche would step down after, "an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor's express instructions as to a non-credit and non-pricing element, in March and...

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