Lending Club news and trends

Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
Consumer Finance // December 19, 2023

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling...

Data Shows 52% of Gen Z Borrow Money to Make Ends Meet
Connected Economy // July 31, 2023

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Consumers Say Losing Supplemental Income Would Ruin Their Finances
Consumer Finance // March 27, 2023

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
Consumer Finance // February 28, 2023

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Interviews & Exclusives
Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances

December 19, 2023
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling to pay their monthly bills. These shares are virtually unchanged […]

Consumers Say Losing Supplemental Income Would Ruin Their Finances

March 27, 2023
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Renaud Laplanche’s Second Act

July 18, 2017
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of...

Helping Investors Avoid The Lending Club Trap

April 26, 2017
Transparency cures all ills — especially in the online lending space where investors need certainty the pools of debt they’re buying are as represented. Global Debt Registry President Charlie Moore...

Quick Reads
LendingClub Appoints Ex-Optum D2C CEO Ahmad, Former Citi CCO Reimann to Board

August 02, 2022
LendingClub has announced two new members for its board of directors in Faiz Ahmad and Kathryn Reimann, a press release said Tuesday (Aug. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS […]

Study: 29% of Consumers Usually Revolve Credit Card Balances

May 03, 2022
Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New Reality Check: The Paycheck-To-Paycheck Report,”...

LendingClub Logs Lower-Than-Expected Losses

August 07, 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...

Venture Capitalists Wary Of Online Lenders

August 21, 2017
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the...