regulatory
confidence high
sentiment neutral
materiality 0.40
LendingClub Bank operating agreement with OCC expires on Feb 2, 2024
LendingClub Corp
- Operating agreement entered in Feb 2021 with OCC upon bank formation has expired per its terms.
- Agreement set operating parameters for LendingClub Bank; expiration removes those constraints.
- No further regulatory restrictions from the agreement are in effect as of Feb 2, 2024.