In The News

What Supreme Court’s FTC Ruling Means for LendingClub

04 May 2021

David Fioccola spoke to American Banker about a recent Supreme Court decision that undermined the Federal Trade Commission’s (FTC) authority to seek restitution in its three-year legal fight with LendingClub.

“I think that what the FTC had was a very, very aggressive tool that has now been effectively blunted,” David said.

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