---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-21-000048"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2021-07-15T23:59:59+00:00"
generated_at: "2026-06-30T05:03:58.055231+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LendingClub settles FTC investigation for $18M, already accrued; no admission of liability

## Summary
- Settlement with FTC for $18M consumer remediation payment, already accrued in prior periods.
- No admission of liability; settlement does not impact current operations or financial outlook.
- Resolution concludes previously disclosed FTC investigation and litigation.
- Company reiterates commitment to consumer protection and financial health mission.

## SEC filing metadata
- accession: 0001409970-21-000048
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2021-07-15T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997021000048/0001409970-21-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997021000048/lc-20210714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-21-000048
- JSON: https://secwatch.observer/filing/0001409970-21-000048.json
- Plain text: https://secwatch.observer/filing/0001409970-21-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.