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

40% Of US Households Are More Vulnerable to Labor Market Volatility
40% Of US Households Are More Vulnerable to Labor Market Volatility
October 25, 2022  |  Consumer Finance

Economic conditions in the United States are consistent with a tight labor market — most consumers looking for work can find it. The unemployment rate...

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Many Paycheck-to-Paycheck Consumers Seek Relief in New Jobs
Many Paycheck-to-Paycheck Consumers Seek Relief in New Jobs
October 24, 2022  |  Consumer Finance

With paycheck-to-paycheck living now the norm for U.S. households including the highest earners, many consumers are trying to improve their lot by switching jobs, but...

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89% of Consumers Feel Inflation at the Grocery Store
89% of Consumers Feel Inflation at the Grocery Store
October 19, 2022  |  Economy

Inflation is weighing heavy on consumers’ minds, and rarely are they as aware of rising prices than when browsing the aisles at their local grocery...

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Addressing America’s Financial Health Crisis
Addressing America’s Financial Health Crisis
October 19, 2022  |  Opinion

In the new PYMNTS eBook, “What’s Your Plan? Payments Strategies for a Strong 2022 Finish,” LendingClub SVP and Financial Health Officer Anuj Nayar says providing...

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Paycheck-to-Paycheck Consumers Rethink What’s Essential
Paycheck-to-Paycheck Consumers Rethink What’s Essential
October 11, 2022  |  Consumer Finance

Over 60% of American are now living paycheck to paycheck, and close to one-quarter of U.S. consumers live paycheck to paycheck and struggle to meet...

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Diners Feeling Price Pressure Despite Restaurants’ Efforts to Cushion Blow
Diners Feeling Price Pressure Despite Restaurants’ Efforts to Cushion Blow
October 06, 2022  |  Consumer Finance

Restaurants may be doing everything in their power to price below the rate of food inflation, and even below the rate of inflation overall, but...

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Ranks of Paycheck-to-Paycheck Consumers Fall Slightly in September
Ranks of Paycheck-to-Paycheck Consumers Fall Slightly in September
October 05, 2022  |  Consumer Finance

Unpacking how U.S. consumers at all income levels are making ends meet reveals that paycheck-to-paycheck living is becoming — or already is — accepted as...

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74% of Consumers Feel Pinch of Rising Monthly Bills
74% of Consumers Feel Pinch of Rising Monthly Bills
October 03, 2022  |  Economy

Inflation has settled in, stubbornly, near 40-year highs. As found in “The New Reality Check,” a PYMNTS and LendingClub collaboration, 92% of consumers said they...

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FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
October 03, 2022  |  Consumer Finance

Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying...

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