Why U.S. Regulators Are Investigating Lending Club’s Founder

Regulators are investigating Lending Club’s founder Renaud Laplanche as part of a probe into the online lender’s business, people with knowledge of the matter told IFR.

The U.S. Department of Justice and the U.S. Securities and Exchange Commission are investigating if Laplanche had any role in transactions that preceded his resignation earlier this year.

Laplanche stepped down in May after an internal review found falsified paperwork on $3 million of Lending Club lc...

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