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

Grocery Stores Win Big This Holiday Season
Grocery Stores Win Big This Holiday Season
November 25, 2022  |  Consumer Finance

The Grinch is surely pleased that 15 million Americans — that’s almost 6% of all U.S. consumers — who bought holiday gifts last year say they’ll...

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NY Fed: Consumers Stick With Credit Cards as Balances Grow
NY Fed: Consumers Stick With Credit Cards as Balances Grow
November 21, 2022  |  Credit Cards

Consumer credit demand has been on the decline this year, except when it comes to new applications for credit cards. That’s according to the latest...

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Holiday Spending out of Reach for Millions of Households This Year
Holiday Spending out of Reach for Millions of Households This Year
November 21, 2022  |  Economy

Visions of sugarplums could be the only thing millions of Americans can count on getting during the 2022 holidays, as new PYMNTS data has uncovered...

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3 Ways Retailers Just Proved That Innovation and Change Are Still Alive
3 Ways Retailers Just Proved That Innovation and Change Are Still Alive
November 19, 2022  |  Retail

For 60 years, Walmart’s stores have dotted the American landscape, its cavernous Supercenters serving as the one-stop-shop of choice for value-minded consumers, often in rural...

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Holiday Shoppers Shift from Dining Out to Food at Home
Holiday Shoppers Shift from Dining Out to Food at Home
November 18, 2022  |  Commerce Connected

As inflation continues to rise, consumers are becoming more frugal in their holiday food spending, shifting away from dining out at restaurants towards more cost-effective...

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40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
November 17, 2022  |  Consumer Finance

With 15 million consumers — close to 6% of the United States population — sitting out holiday gift buying this year, roughly 40% will use...

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Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
November 16, 2022  |  Consumer Finance

With the shock waves of inflation continuing to weaken spending power, most United States consumers are toning down their expectations for the 2022 holiday shopping...

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Nearly a Quarter of Struggling Households Rely on a Single Income
Nearly a Quarter of Struggling Households Rely on a Single Income
November 11, 2022  |  Economy

The idea of households having a sole breadwinner seems almost quaint in 2022 given changes to workplace composition and the massive spike in costs over...

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LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
October 26, 2022  |  Banking

LendingClub’s latest results, in the words of CEO Scott Sanborn, tell a story of “two halves” of 2022 as interest rates continue to soar: The...

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