Lending Club Commences eyes $1 Billion Portfolio

SAN FRANCISCO, April 10, 2012 /PRNewswire via COMTEX/ — Lending Club ( http://www.lendingclub.com ), the leading platform for investing in and obtaining personal loans, announced that its $1 billion shelf registration statement for the issuance of member payment dependent notes was declared effective today by the U.S. Securities and Exchange Commission as the previous shelf registration for $600 million filed by the company in October 2008 had run its course. Lending Club has originated over $580 million in loans to date.

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