1 2 California Department of Business Oversight Press Release, California DBO Announces Inquiry into ‘Marketplace’ Lending Industry (Dec. 11, 2015) (DBO phase one inquiry). Illinois Small Business Lending Act, Amendment to S.B. 2865, available at http://www.ilga.gov/legislation/99/SB/PDF/09900SB2865sam001.pdf. 3 See, e.g., Cal. Fin.

Code § 22000 et seq. and Vt. Stat.

Ann. tit. 8, § 2200 et seq. 4 786 F.3d 246 (2nd Cir.

2015). 5 LendingClub Current Report on Form 8-K, dated May 6, 2016. 6 Id. 7 Id. .