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Lending Club Puts Hold on Lending Activity While It Sorts Out Some Legal Issues

April 8th, 2008 at 7:30 pm

Source:TechCrunch
Lending Club, a P2P lending service that started off as a Facebook app, has temporarily stopped accepting new loans and lenders.
According to a brief “quiet period” note on its website:

Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site […]

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