LendingClub

LendingClub is an American peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission, and to offer loan trading on a secondary market.

Source: lendingclub.com

SVB Shutters and Banks Drag CE 100 Index 6.7% Lower
SVB Shutters and Banks Drag CE 100 Index 6.7% Lower
March 13, 2023  |  Connected Economy

The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding. It...

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Consumers Tackle Inflation by Pulling Back on Cards While Shopping
Consumers Tackle Inflation by Pulling Back on Cards While Shopping
March 09, 2023  |  Consumer Finance

Consumers in the United States are proving resourceful as they meet inflation’s challenge head on. And that resourcefulness has led them to embrace a broad...

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LendingClub: Decline in Paycheck-to-Paycheck Ranks Is ‘Encouraging’
LendingClub: Decline in Paycheck-to-Paycheck Ranks Is ‘Encouraging’
March 07, 2023  |  Consumer Insights

At first glance, there’s reason to be optimistic when viewing the current state of the paycheck-to-paycheck economy. Joint research from PYMNTS and LendingClub shows that...

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Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
March 06, 2023  |  Credit Cards

PYMNTS research shows that many consumers’ savings are barely enough to cover their debts. That’s according to findings in the February 2023 edition of the...

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Retailers Forecast ‘Very, Very Soft’ 2023 Outlooks
Retailers Forecast ‘Very, Very Soft’ 2023 Outlooks
March 05, 2023  |  Retail

Last week was one of good news and ominous news for U.S. retailers. The good: They were able to present better-than-anticipated earnings as shoppers continued...

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Discretionary Spending Pullback May Paint Clearer US Economic Picture
Discretionary Spending Pullback May Paint Clearer US Economic Picture
March 03, 2023  |  Connected Economy

Sometimes it just comes down to the cold, hard numbers. Three department stores, along with Best Buy, released their earnings this week, and the news was pretty grim when...

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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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Financial Health Finds New Followers in 16% of High-Earners Struggling to Pay Bills
Financial Health Finds New Followers in 16% of High-Earners Struggling to Pay Bills
February 27, 2023  |  Consumer Finance

Consumers whose annual incomes exceed $100,000 are hardly skating through current economic conditions. In fact, data shows that as of December, 16% of high-income consumers...

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LendingClub: AI Can Transform Lending and Broaden Inclusion
LendingClub: AI Can Transform Lending and Broaden Inclusion
February 23, 2023  |  artificial intelligence

The artificial intelligence (AI) revolution has been more of an evolution. “AI is the latest buzzword for something that’s been building for at least a...

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