TASK DEFINITION: Given a document, generate a short title of the document. The title should convey the main idea/event/topic about which the document is being written. Note that URLs in the text have been replaced with [Link].
PROBLEM: The peer-to-peer lender LendingClub  is on the cusp of being investigated by the US Department of Justice and the Securities and Exchange Commission  and it is in emergency talks to coax more buyers onto its platform to shore up the business.
 LendingClub  made the disclosures in a regulatory filing on Monday.  It  follows the shock ousting of  LendingClub  founder and CEO Renaud Laplanche last week after an internal review. The stock crashed 26% on the day and is down over 50% since then.
The board cited issues with "data integrity and contract approval monitoring and review processes" for Laplanche's exit  as well as issues surrounding an apparent financial conflict of interest in an investment Laplanche made in a company doing business with  LendingClub .
The forced exit of Laplanche has sent  LendingClub  into a full-blown crisis that threatens the very core of  its  business.
UPDATE: Since  publication LendingClub  has provided BI with the following statement:
 LendingClub  was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to $40 000 (Â£27 654)  supplied by a third party  that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return. It matches lenders with investors  a little like UK companies such as Zopa.
 LendingClub  says:
But Laplanche also failed to disclose his personal interest in  a fund that LendingClub was considering investing in   and The Journal claims he had invested millions in  that fund  so it could buy LendingClub's loans  effectively to boost demand.
The vehicle  which Bloomberg said was Cirrix Capital  bought $114.5 million worth of  LendingClub  loans in the first quarter of the year  according to Monday's filing.  LendingClub  director John Mack and Laplanche are all investors in Cirrix  according to Bloomberg. Cirrix is now helping Lending Club with emergency funding.
 LendingClub  claims to take no credit risk itself  but  it  clearly has some exposure to the risk if  it  is investing in a fund that is buying  its  loans. Discussing  LendingClub 's investment in the vehicle that bought the loans   LendingClub  says  it  "determined none of these events were required to be recognized or disclosed."
As a result of the whole fiasco   LendingClub  has received a grand jury subpoena from the US Department of Justice and has been contacted by the SEC   it  said in a filing on Monday.  The company  says "no assurance can be given as to the timing or outcome of these matters. "
LendingClub  also warns that  it  may face legal proceedings over the whole thing  but  it  says  it  doesn't think any liabilities from an eventual judgment will have a "material effect on  its  financial condition."
 LendingClub  is already facing two class-action lawsuits in the US  both filed since the start of the year.
One  filed in California  accuses  the company  of "making materially false and misleading statements in the registration statement and prospectus issued in connection with the IPO regarding  among other things  the company's business model  compliance with regulatory matters  and their impact on  the company 's business  operations  and future results."
Another  lodged in New York  claims people "received loans  through  the company 's platform  that exceeded states' usury limits in violation of state usury and consumer protection laws."
' The company  may need to use  its  own funds to purchase  these loans'

SOLUTION: LendingClub faces DOJ SEC investigations could buy more of its loans

PROBLEM: Pop music star  Shakira  is under investigation in Spain for possible tax evasion during the three years before  she  officially moved to Barcelona  Spanish authorities said Tuesday.
 Shakira  switched residences in 2015 from the Bahamas to Barcelona  where  she  lives with  her  partner  Barca soccer player Gerard Pique  and the couple's two sons.
Anna Forastier  a spokeswoman for auditing firm PwC  said the company has been hired by  Shakira  for the investigation. Forastier declined to disclose any details.
 Shakira  was named in the "Paradise Papers" leaks that detailed the offshore tax arrangements of numerous high-profile individuals  including musical celebrities like Madonna and U2's Bono.
The documents obtained by German daily Sueddeutsche Zeitung and investigated by Spanish news website El Confidencial showed that in 2009  Shakira  had relocated  her  intellectual property rights and brands to a company based in Malta  the tiny European Union nation that has faced allegations of being a tax heaven.
 Shakira  and Pique's relationship dates back to 2011  when  Shakira  started frequenting Barcelona. El Confidencial  citing papers it obtained from offshore services providers  reported that she listed the Bahamas as her official residence until 2015.
If the probe finds wrongdoing   Shakira  would engross a list of celebrities that have been in trouble with Spanish tax authorities  including footballers Lionel Messi and Cristiano Ronaldo.
In November   Shakira  cancelled the first concerts to promote her 11th album  "El Dorado " for what she said were medical reasons. The tour is scheduled to begin in June in Germany and then stop in nine more European countries before moving to the United States.

SOLUTION: Shakira being investigated for possible tax evasion

PROBLEM: Two weeks ago  on  her  28th birthday   Taylor Swift  posted a picture to Instagram that  her  guitarist took during a recent show at an arena in London. The photo shows  Swift  center stage  spotlight shining down as  she  plays  her  new music in front of thousands of fans.
"I couldn't have asked for a better year  all thanks to you "  Swift  wrote in the caption.
A fairly innocuous post -- but not if it's 2017  one of the most tumultuous years in modern U.S. history  and not if it's written by  Swift .
The headlines started rolling in. Nylon: "Of Course  Taylor Swift  is the Only Person Who Enjoyed 2017." HelloGiggles: " Taylor Swift ' couldn't have asked for a better year' while we're all living in Hell." Cosmopolitan:  "Taylor Swift  Says  She  'Couldn't Have Asked for a Better Year' and The Internet Is Mad." (Naturally   her  fan base took issue with this internet anger.)
The incident blew over fairly quickly but really seemed to capture  her  year in a nutshell.  Swift   who reigns as one of the top musicians on the planet  had many things worth celebrating: "Reputation "  her  sixth album  sold 1 million copies the week it was released in November  making it the highest-selling album of 2017.  Her  solo write for Little Big Town  "Better Man " won the Country Music Association award for song of the year.  She  was featured on Time's Person of the Year cover as a "silence breaker" after  her  powerful testimony at a trial in August  where a jury found a radio DJ guilty of groping  her  before a concert.
Swift  however  also encountered backlash for glossing over current events during a grueling  divisive year in which it has been impossible to avoid politics in pop culture. Even chatter in  her  new app  the Swift Life  reportedly quickly devolved into a political debate with President Donald Trump supporters on the platform.
Taylor Swift explains her blunt testimony during her sexual assault trial
Taylor Swift puts 'Reputation' on cruise control

SOLUTION:
This latest Taylor Swift ' controversy' at the end of 2017 really sums up her year