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

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
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  |  Banking

LendingClub has named Drew LaBenne as its new chief financial officer, the digital bank announced Thursday (July 28). Get the Full Story Complete the form...

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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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Unexpected Expenses Could Hobble Inflation-Weary Paycheck-to-Paycheck Consumers
Unexpected Expenses Could Hobble Inflation-Weary Paycheck-to-Paycheck Consumers
July 05, 2022  |  Consumer Finance

Many pressures are putting a pinch on paychecks, the latest unwelcome arrival being runaway inflation that’s compounding a seemingly endless state of financial dismay for...

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The Data Point: 58% of Americans Live Paycheck-to-Paycheck, Making It the Common Condition
The Data Point: 58% of Americans Live Paycheck-to-Paycheck, Making It the Common Condition
July 04, 2022  |  Consumer Finance

With recession looking more probable by the day, consumers who are already financially strapped are looking at ways of managing money when there’s less of...

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May 2022: 58% of Consumers Live Paycheck to Paycheck, up From 54% a Year Ago
May 2022: 58% of Consumers Live Paycheck to Paycheck, up From 54% a Year Ago
July 01, 2022  |  Consumer Finance

The share of consumers living paycheck to paycheck increased by 4 percentage points between May 2021 and May 2022, according to “The New Reality Check,”...

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