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Massachusetts probing LendingClub's advertising, disclosure practices

LendingClub Corp. has disclosed an ongoing probe by the state of Massachusetts.

The San Francisco-based online lender said in a regulatory filing that it received a civil investigative demand from the state's attorney general's office regarding its advertising and disclosure practices.

The company has also responded to inquiries from the California Department of Business Oversight and the New York Department of Financial Services regarding its operations and the overall financial technology industry.