Lending Club to wind down 2017 with non-prime offering

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By Sasha Padbidri
07 Dec 2017

Lending Club filed deal documents midweek for a securitization backed by non-prime consumer loans, the fourth deal to surface from the online platform's CLUB shelf this year.

The California-based online lender filed documents with the US Securities and Exchange Commission (SEC) on Wednesday evening for the transaction, Consumer Loan Underlying Bond (CLUB) Credit Trust 2017-NP2. Citi is leading the deal, according to the documents.

The deal is Lending Club’s fourth and final offering for 2017. In November, ...

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