PYMNTS-MonitorEdge-May-2024

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

Airbnb Promotes ‘Rooms’ Rentals for Cost-Conscious Vacationers
Airbnb Promotes ‘Rooms’ Rentals for Cost-Conscious Vacationers
May 03, 2023  |  Travel Payments

While people still want to travel, they may not want to pay to rent an entire house. That’s the thinking behind Airbnb’s new “Rooms” program,...

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Credit Card Charge-Offs Creep Up in March
Credit Card Charge-Offs Creep Up in March
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Credit card charge-offs reportedly crept up in March as consumers struggle to pay bills. On paper, the overall average rate of credit card delinquencies and...

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Millennials With Debt and Dependents Most Likely to Feel the Financial Crunch
Millennials With Debt and Dependents Most Likely to Feel the Financial Crunch
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PYMNTS’ research finds that 60% of United States consumers live paycheck to paycheck as of March 2023. Our data also reveals significant generational differences in...

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Gen Z Shoppers Knowingly Buy Fakes to Save Money
Gen Z Shoppers Knowingly Buy Fakes to Save Money
April 27, 2023  |  Retail

Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase...

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MoneyLion Still Rules Atop the PYMNTS Personal Loan App Provider Ranking
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April 27, 2023  |  Mobile Applications

Sometimes change is a good thing, and sometimes entire business sectors find their level and stick with it. Until something changes. Change isn’t in the...

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LendingClub Grew Deposits by $826 Million After SVB Collapse
LendingClub Grew Deposits by $826 Million After SVB Collapse
April 26, 2023  |  Earnings

The collapse of Silicon Valley Bank (SVB) roiled the U.S. financial system last month. San Francisco-based LendingClub, a FinTech lender that became a direct-to-consumer (DTC)...

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‘Boring’ Retail Could Be Silent Factor in Sales Decline
‘Boring’ Retail Could Be Silent Factor in Sales Decline
April 20, 2023  |  Retail

At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The...

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One-Third of Gen Z Have Side Gigs to Bolster Financial Security
One-Third of Gen Z Have Side Gigs to Bolster Financial Security
April 20, 2023  |  Consumer Finance

Millennials were first the punchline of work productivity jokes; now, Gen Z has inherited the dubious honor. Data shows that this type of humor may...

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42% of Consumers Trade Other Luxuries for Travel
42% of Consumers Trade Other Luxuries for Travel
April 17, 2023  |  Consumer Insights

This installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the travel sector. Getting away from it all has been one of the...

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