Lending Club

Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
December 19, 2023  |  Consumer Finance

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards...

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Data Shows 52% of Gen Z Borrow Money to Make Ends Meet
Data Shows 52% of Gen Z Borrow Money to Make Ends Meet
July 31, 2023  |  Connected Economy

As is often the case, but especially during troubled economic times, a fair amount of borrowing to meet expenses goes on.  In New Reality Check: The...

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Consumers Say Losing Supplemental Income Would Ruin Their Finances
Consumers Say Losing Supplemental Income Would Ruin Their Finances
March 27, 2023  |  Consumer Finance

  PYMNTS’ research finds that 62% of United States consumers lived paycheck to paycheck in February 2023. Fewer consumers live paycheck to paycheck with issues...

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

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Consumers Still Tapping Cards to Spend but Credit Growth Slows
Consumers Still Tapping Cards to Spend but Credit Growth Slows
November 07, 2022  |  Consumer Finance

We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt....

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LendingClub Appoints Ex-Optum D2C CEO Ahmad, Former Citi CCO Reimann to Board
LendingClub Appoints Ex-Optum D2C CEO Ahmad, Former Citi CCO Reimann to Board
August 02, 2022  |  Personnel

LendingClub has announced two new members for its board of directors in Faiz Ahmad and Kathryn Reimann, a press release said Tuesday (Aug. 2). They’ll...

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Study: 29% of Consumers Usually Revolve Credit Card Balances
Study: 29% of Consumers Usually Revolve Credit Card Balances
May 03, 2022  |  Credit Cards

Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New...

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LendingClub Deposits Grow 68% in Wake of Radius Bancorp Acquisition
LendingClub Deposits Grow 68% in Wake of Radius Bancorp Acquisition
April 27, 2022  |  Earnings

In further evidence of its journey to become a direct-to-consumer digital bank, LendingClub’s latest results showed significant growth in deposits, in loan originations, and in...

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As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
February 07, 2022  |  Digital-First Banking

There are challenger banks, and now perhaps there’s everyone else. Over the last several years, there’s been a rise of digital-only firms with little more...

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