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

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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Digital Wallets, Platforms Pave Financial Wellness Path as 2023 Dawns
Digital Wallets, Platforms Pave Financial Wellness Path as 2023 Dawns
January 03, 2023  |  Consumer Finance

January is financial wellness month, spurring consumers to scrutinize their budgets and where their money’s going. And the surging popularity of digital wallets and platforms...

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Stressed Consumers Scaling Back Retirement Planning and Funding
Stressed Consumers Scaling Back Retirement Planning and Funding
January 03, 2023  |  Economy

People living paycheck-to-paycheck are having a hard time setting financial goals, much less achieving them. According to the latest study in this long-running series, December’s...

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High Prices Trigger Intentional Consumer Pull Back in Big Ticket Items
High Prices Trigger Intentional Consumer Pull Back in Big Ticket Items
December 28, 2022  |  Retail

Inflation and recession jitters are cutting into the spending of households that aren’t living paycheck-to-paycheck, a sign of growing uncertainty among those with disposable income...

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