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

Rural Consumers Feel Grocery Inflation More Than Their Urban Counterparts
Rural Consumers Feel Grocery Inflation More Than Their Urban Counterparts
September 29, 2022  |  Economy

Food prices may be skyrocketing all across the country, but consumers in rural areas are feeling this inflation the most acutely by a significant margin....

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New Study: 60% of US Consumers Have Cut Spending Due to Inflation
New Study: 60% of US Consumers Have Cut Spending Due to Inflation
September 27, 2022  |  Consumer Finance

With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. PYMNTS’ research finds that 92%...

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LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
September 22, 2022  |  Consumer Finance

As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the...

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Credit Card Borrowing Nears Pre-Pandemic Levels
Credit Card Borrowing Nears Pre-Pandemic Levels
September 19, 2022  |  Consumer Finance

There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. And then...

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How Did $1,400 Become the ‘New’ Average Emergency Expense?
How Did $1,400 Become the ‘New’ Average Emergency Expense?
September 14, 2022  |  Economy

For years, $400 has served as shorthand for the precarious state of the U.S. consumer’s financial health — namely, whether they could afford to meet...

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Shopify, Porch Lead Surge in ConnectedEconomy100 Index
Shopify, Porch Lead Surge in ConnectedEconomy100 Index
September 12, 2022  |  Connected Economy

It’s a rare occasion when the Connected Economy 100 (CE100™) Index outperforms the broader markets, but we’ve seen that happen in the past week. To...

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Data Brief: Unexpected Emergencies Cost Consumers Upward of $1,400
Data Brief: Unexpected Emergencies Cost Consumers Upward of $1,400
September 02, 2022  |  Economy

Emergency expenses can be relative based on one’s financial wellness, but the fact is, millions of American households don’t have the funds to pay for...

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The Data Point: Paycheck-to-Paycheck Living Now Stands at 59% of All US Consumers
The Data Point: Paycheck-to-Paycheck Living Now Stands at 59% of All US Consumers
September 02, 2022  |  Consumer Finance

With inflation deflating the dollar and prices through the roof, more Americans report they are living paycheck-to-paycheck, though the stats vary month to month. For...

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Savings Not Enough to Blunt Paycheck-to-Paycheck Pressures
Savings Not Enough to Blunt Paycheck-to-Paycheck Pressures
August 29, 2022  |  Economy

The paycheck-to-paycheck consumer won’t — and in fact, cannot — be saved by savings. Inflation still is rampant, hovering between 8% to 9%, eating away...

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