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

NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates
NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates
August 29, 2022  |  Consumer Finance

In May 2022, the Federal Reserve released the Economic Well-Being of U.S. Households in 2021, the latest edition of an annual report often used in...

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FinTech Lenders Scramble for Investors as More Loans Backed With Deposits
FinTech Lenders Scramble for Investors as More Loans Backed With Deposits
August 22, 2022  |  Fintech Investments

FinTech lenders are backing more loans with deposits as investors become tougher to find amid rising interest rates and expectations for higher yields. Banks and...

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FTC Sends $9.7M in Fee Refunds to LendingClub Customers
FTC Sends $9.7M in Fee Refunds to LendingClub Customers
August 12, 2022  |  Legal

The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub,...

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$100K+ Households Saw Biggest Increase in Paycheck-to-Paycheck Living
$100K+ Households Saw Biggest Increase in Paycheck-to-Paycheck Living
August 09, 2022  |  Consumer Finance

Living paycheck to paycheck is the most common financial lifestyle in the United States, with an increasing share of high-income consumers now doing so.  About...

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A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
A ‘Tale of Two Halves’ as Paycheck-to-Paycheck Consumers Feel Added Financial Strain
August 08, 2022  |  Consumer Finance

Cold inflationary winds are ruining warm summer fun for millions of consumers as new data reveals that 13% of Americans have spent more than they...

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Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six Months
Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six...
August 01, 2022  |  Consumer Finance

As inflation continues its upward swing, consumers worldwide are finding it more difficult to manage spending and put aside savings under mounting financial pressures. In...

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LendingClub Names Former Bakkt Exec Drew LaBenne as CFO
LendingClub Names Former Bakkt Exec Drew LaBenne as CFO
July 28, 2022  |  Digital Banking

LendingClub has named Drew LaBenne as its new chief financial officer, the digital bank announced Thursday (July 28). LaBenne, formerly the chief financial officer of...

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LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022  |  Earnings

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining...

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Paycheck-to-Paycheck Consumers Turn to Loans as Savings Safety Nets Fray
Paycheck-to-Paycheck Consumers Turn to Loans as Savings Safety Nets Fray
July 05, 2022  |  Consumer Finance

Personal savings serve key purposes, chief among them as a financial safety net. But runaway inflation has started to eat away at consumers’ cash reserves,...

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