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].

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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'

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


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There would be much to investigate. A few senior officials in the West Wing had access to details of the allegations of physical and emotional abuse made by  Mr. Porterâs  ex-wives. A greater number of people had a sense that something was amiss  but chose to avert their gaze instead of asking questions.
The first hours after the issue was brought to light by an article in The Daily Mail were a confused blur  with officials like Mr. Kelly at first endorsing  Mr. Porter âs resignation  but then agreeing to issue statements in support of  him . That disarray belied the belief of some in the White House that someone â Mr. Kelly â was finally in charge after six months of drama and infighting in 2017. In reality  these officials now concede  no one truly was.
âThey havenât figured out how the place operates  and apparently they donât want to learn â said John Dean  a White House counsel under President Richard M. Nixon. The  Porter  situation  he added  âis a manifestation of what happens when you have chaos.â
Mr. Kelly  a four-star Marine general  had been billed as uniquely qualified to bring order to Mr. Trumpâs world when he took his post in July. Now he faces a morale crisis in the West Wing  where aides describe a sense of betrayal by a chief of staff they no longer trust after his claims that he had not fully known about  Mr. Porter âs problems and had acted within minutes once  he  learned of them.
But in the case of  Mr. Porter   White House aides privately acknowledge  some advisers appear to have chosen to try to protect a colleague who was generally well liked and  more important  too competent to lose. Mr. Trump himself often expressed his regard for  Mr. Porter  by describing him as âout of central casting.â
In the hours after the allegations against  Mr. Porter  became public  some senior officials in fact hesitated to force  him  out  in part because they argued that if one top adviser could be felled by accusations  they could all potentially be vulnerable.  Mr. Porter  denied privately to  his  colleagues  as well as publicly  that  he  had ever physically abused  his  wives.
What distinguished this crisis from the ones that preceded it was that it was not localized to one official  such as Stephen K. Bannon  the isolated chief strategist who left in August  or Reince Priebus  the often uninformed chief of staff who departed a month before that.  Mr. Porterâs case  had spread to so many aspects of the White House that  it  ensnared a number of staff members.
While multiple officials in the West Wing were aware that he had been unable to pass his background check  none appear to have made an effort to ascertain precisely why and take action on it. Several former White House counsels have said they would have made it their business to know if an official at Mr. Porterâs level was facing allegations as serious as domestic abuse  but officials in the White House have privately maintained that Donald F. McGahn II  the White House counsel  never did.
Yet former White House advisers from both parties have been mystified at the ineptitude of Mr. Trumpâs team in dealing with the fallout from Mr. Porterâs situation.

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White House Seeks to Move On From Abuse Scandal. But What Did It Learn?


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ESPN said Hundley's claims are without merit. The Connecticut-based network said its investigation found Hundley's characterization of the events inconsistent.
 "Hundley's claims are without merit and we will vigorously defend against them " ESPN spokesman Josh Krulewitz said. "Her current charges do not accurately portray ESPN's handling of the matter."
 Phillips acknowledged his relationship with Hundley.
 Phillips and Hundley were fired in October.
Hundley's claims are without merit and we will vigorously defend against them " ESPN spokesman Josh Krulewitz said. "Her current charges do not accurately portray ESPN's handling of the matter."

Ex Output:

Ex-ESPN worker who had affair with analyst sues