IEG HOLDINGS CORPORATION (OTCMKTS:IEGHD) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On November 16, 2016, IEG Holdings Corporation issued a press
release providing upgraded first quarter 2017 earnings guidance
and announcing expected changes to dividend and capital
management policies. A copy of this press release is attached
hereto as Exhibit 99.1 and incorporated herein by reference. The
information contained in the website is not a part of this
current report on Form 8-K.
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Item 9.01. Financial Statements and Exhibits. |
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| (d) | Exhibits. | |
| Exhibit No. | Description | |
| 99.1 |
Press release of IEG Holdings Corporation dated November 16, 2016. |
About IEG HOLDINGS CORPORATION (OTCMKTS:IEGHD)
IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle. IEG HOLDINGS CORPORATION (OTCMKTS:IEGHD) Recent Trading Information
IEG HOLDINGS CORPORATION (OTCMKTS:IEGHD) closed its last trading session 00.00 at 3.10 with 5,381 shares trading hands.
