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LendingClub
LendingClub is the largest peer-to-peer lending company. Investors can search and browse the loan listings on the LendingClub website and select loans that they want to invest in based on the information supplied about the borrower, loan grade and more.
Today In Payments: China’s Ant IPO Suspension Likely Came From The Top; LendingClub Q3 Loan Volume Snaps Back
November 5, 2020
In today’s top news, China’s suspension of Ant Group’s IPO likely came from top officials, and LendingClub’s third-quarter earnings boasted an impressive rebound. Plus, Uber reports earnings tonight (Nov. 5), ...LendingClub Q3 Loan Volume Snaps Back 80 Pct
November 4, 2020
LendingClub, the country’s top provider of personal loans, said in earnings results Wednesday (Nov. 4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance ...LendingClub Reports Drop In Originations As Investor Demand Shows Early Signs Of Recovery
August 4, 2020
LendingClub posted second-quarter results on Tuesday (Aug. 4) that showed a drop in origination volume as anticipated, while loan investor demand displayed early indications of recovery.
In terms of headline data, ...LendingClub Introduces Member Center With Personal Finance Resources
May 28, 2020
The economic crisis sparked by the COVID-19 pandemic has hit millions of people and small businesses hard.
In response, LendingClub Corp. is setting up a “Member Center” that will be “chock ...Personal Loan Apps Spike In Latest Provider Rankings
May 20, 2020
Personal loan apps are getting lots of attention during this time of incomprehensible financial doubt. Consumers are downloading and using these apps more now, and they’re still deciding on their ...What Earnings Portend For Payments, Lending, Fitness And The Gig Economy
May 8, 2020
For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the ...LendingClub: 11 Pct Of Personal Loans In 'Skip-a-Pay' Program
May 6, 2020
LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away from debt markets and an ...Personal Loan Apps Banking On Features
March 3, 2020
Unsecured lending is the theme of this week’s PYMNTS Provider Ranking of Personal Loan Apps, which looks at this fascinating space with fresh eyes to reveal the trends. Personal loans ...LendingClub Hires Uber’s Annie Armstrong As Chief Risk Officer
February 27, 2020
LendingClub announced on Wednesday (Feb. 26) its new Chief Risk Officer Annie Armstrong, who has decades of experience in risk management for financial service companies.
Current Chief Risk Officer Tim Bogan will ...Today In Payments: Intuit To Buy Credit Karma; JPMorgan To Open UK Digital Bank
February 24, 2020
In today’s top news, TurboTax creator Intuit is reportedly buying Credit Karma, and JPMorgan Chase is looking to open a digital bank in the U.K. by the end of the ...LendingClub and Morgan Stanley, A Tale of Two Bank Deals
February 24, 2020
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of ...Delivery Wars, B2B Payments, Cereal Makers Top This Week's News
February 21, 2020
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news.
We have deep dives ...Making A Sizzling Leap Into Digital Banking
February 21, 2020
To be the bank, buy the bank.
Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups.
Upon releasing its ...The Week in Payments: Rewriting Rewards, Buying The Bank And Containing COVID-19
February 21, 2020
That there was a lot of action and motion in the payments and commerce ocean this week is not much of a surprise, as that describes pretty much every week ...Today In Payments: LendingClub Buys Radius Bank; Walmart Reports Tepid In-Store Sales
February 19, 2020
In today’s top news, LendingClub buys Radius Bancorp in a “transformative” deal, Walmart reports disappointing quarterly earnings due to tepid holiday sales, and Macy’s is downgraded to a junk-bond status. LendingClub ...LendingClub CEO Heralds ‘Transformative’ Radius Bank Buy
February 19, 2020
LendingClub on Tuesday (Feb. 18) posted results that showed continued growth in loan originations, up mid-single-digit percentages year over year – results that were possibly overshadowed by a deal the ...FinTech LendingClub Buys Radius Bank For $185M
February 18, 2020
FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC.
LendingClub provides personal lending online, and it wants access to funding that ...LendingClub President: FICO's New Model Won't Save A Credit Scoring 'Dinosaur'
January 24, 2020
In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details.
What if the details are the wrong ones?
In an interview with ...The Best Of The Monday Conversation: Everything We Learned In 2019
December 23, 2019
Something remarkable happened about halfway through the 2010s or at least something that ought to have been. Except as it turned out, due to the nature of what it was, ...Top News In Payments: SoftBank Reports $6.5B Loss; FIS Sees Strong Merchant Sales In Q3
November 6, 2019
In today’s top payments news, Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6) with its first quarterly drop-off in 14 years. Also, Fidelity National Information Services (FIS) ...Simplification Serves LendingClub Well As It Pushes To Get Back To Profitability
November 6, 2019The last few years have been an exciting ride for LendingClub watchers. The firm went public in 2014 and had just managed its first quarter of profitability in early 2016 ...Facebook's Libra, Uber Losses, Instant Deposits Top Week's News
October 11, 2019
It’s never quite a slow week in the world of payments and commerce, and the newest edition of the PYMNTS Weekender is proof of that. This week’s coverage includes a ...Top News In Payments: Credit Card Interest Rates Approach Record Levels; WhatsApp Pay India’s Rollout May Be Delayed
October 10, 2019
Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Also, the rollout of WhatsApp Pay in India may be held back by data ...LendingClub Offers Same-Day Loan Settlements
October 10, 2019
LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of institutional investors to the platform.
LendingClub ...Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
October 10, 2019
Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that ...LendingClub CEO On Interest Rates, Credit … And The Bank Charter Quest
August 19, 2019
Interest rates are volatile, fears of a recession are spiking, central banks are cutting rates. In an interview with Karen Webster, LendingClub CEO Scott Sanborn lays out how the ...LendingClub Logs Lower-Than-Expected Losses
August 7, 2019
Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services startup when it reported its ...LendingClub Broadens Access To Credit With Select Plus Platform
August 6, 2019To broaden access to responsible credit with additional models, LendingClub has announced the rollout of its Select Plus Platform. The offering opens the company’s marketplace to sophisticated investors to find ...Building New Digital Experiences
June 20, 2019
Mobile can help build new loyalty offerings, while responses help build Facebook’s new plans for digital payments. Balance transfers could lead to better consumer savings as personalization gets a boost. Data:
324K: ...LendingClub President On Credit That Builds Savings
June 19, 2019
A fine line separates debt and savings (between the black hole of high-interest credit card payments and the slow progress of financial health), and that issue is taking on increasing ...LendingClub Extends Balance Transfer To More Customers
June 18, 2019
To drive savings and simplicity while improving financial health, LendingClub has extended balance transfer to more borrowers. The offering lets borrowers seamlessly pay credit cards as well as high-interest debt ...Higher Fees Drive LendingClub’s Earnings Beat
May 8, 2019
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7).
The ...LendingClub Expands SMB Lending Footprint
April 23, 2019
LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit.
In a press release, the online lending marketplace LendingClub ...Online Lenders Prepare For A Recession
April 15, 2019
Online lenders in the U.S. including LendingClub, Kabbage, and Avant are gearing up for a slowdown in the economy and are taking a look at their risk exposure as they ...Has Alternative Lending Seen Its VC Peak?
March 26, 2019
In 2015, news outlets ran articles about the “gold mine” of venture capital investments in the alternative finance sector. The industry indeed proved to be lucrative for FinTechs, with alternative lending ...LendingClub Links Lenders To Loan Metrics Via Brismo
February 22, 2019
Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their portfolios.
In a press release issued on Thursday (Feb. ...LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
February 20, 2019
LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto loans, even as the macro environment moving forward ...LendingClub: Loan Applications Grow Double Digits Amid Rising Rates
November 7, 2018
Class action settlements are in the rearview mirror, and September quarter results topped the Street. LendingClub pointed to double digit loan originations and margin expansion — spurred by rising rates ...Lending Club, Intuit Pair To Streamline Consumer Loan Applications
October 19, 2018
Intuit is set to offer an easier consumer loan application process and personalized financial advice through partnerships with Lending Club and Wealthfront.
“With more than 25 million users and rich insights ...LendingClub Settles With SEC, DOJ
October 1, 2018
On Friday (Sept. 30), LendingClub officially closed the door on a two-year chapter in its corporate history that its current board and founding team would probably like to forget. Both ...