A Northern District of California federal court has stayed the trial of an action the Federal Trade Commission initiated against LendingClub in 2018 pending a Supreme Court ruling on the FTC’s authority to seek monetary restitution under Section 13(b) of the FTC Act. According to FTC attorneys, online lending company LendingClub allegedly deceived consumers…,Read More
California Court Stays Trial Pending Supreme Court Ruling on FTC’s Authority to Obtain Monetary Relief
