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

Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
February 02, 2023  |  Economy

Maybe the customer was right all along in reacting cautiously to the news of easing inflation. The Wall Street Journal reported Monday (Jan. 30) that...

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Struggling Households Optimistic That Finances Will Improve This Year
Struggling Households Optimistic That Finances Will Improve This Year
February 01, 2023  |  Consumer Insights

Although PYMNTS latest research finds that 64% of U.S. consumers are living paycheck to paycheck, there is still optimism that things will get better. This,...

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More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
January 30, 2023  |  Economy

Consumers are anticipating another year of cutbacks, traded downs, and forgoing a variety of purchases as inflation continues to impact retail decisions. For insights into...

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More than Half of High-Income Consumers Now Live Paycheck to Paycheck
More than Half of High-Income Consumers Now Live Paycheck to Paycheck
January 30, 2023  |  Consumer Finance

As we move into 2023, inflation and economic uncertainty remain top concerns for most U.S. consumers. In the past 12 months, increasing prices for everything...

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CE 100 Index Gains 5.3% as BNPL, Amex Lead the Charge  
CE 100 Index Gains 5.3% as BNPL, Amex Lead the Charge  
January 30, 2023  |  Connected Economy

Earnings season has taught us that the death of consumer spending has been greatly exaggerated.   Much depends on where you look, of course.   December’s latest...

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Marketplace Revenues Sink 28% as LendingClub Eyes Lower Loan Originations
Marketplace Revenues Sink 28% as LendingClub Eyes Lower Loan Originations
January 25, 2023  |  Earnings

LendingClub’s results showed that higher interest rates are cutting into investors’ demand to buy loans. The company said in its earnings materials on Wednesday (Jan....

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LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
January 12, 2023  |  Personnel

LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital...

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Grocery Remains Resilient as Consumers Cut Spending
Grocery Remains Resilient as Consumers Cut Spending
January 06, 2023  |  Economy

As consumers cut spending amid economic challenges, grocers benefit from the necessity of their products. By the Numbers Research from PYMNTS’ study “New Reality Check:...

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23% of Single-Income Households More Likely to Struggle Paying Bills
23% of Single-Income Households More Likely to Struggle Paying Bills
January 05, 2023  |  Consumer Finance

When trying to manage the inflated prices of 2023, two paychecks are better than one. It doesn’t take a deep knowledge of economics to grasp...

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