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

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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LendingClub CEO: Online Marketplace, APIs Create ‘Dynamic’ Loan Pricing
LendingClub CEO: Online Marketplace, APIs Create ‘Dynamic’ Loan Pricing
June 29, 2022  |  Loans

Credit markets are tightening. The Federal Reserve has been busy boosting interest rates and, amid a macroeconomic environment that could be charitably described as uncertain,...

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The Data Point: Financial Stressors Hammer 65% of Paycheck-to-Paycheck Consumers
The Data Point: Financial Stressors Hammer 65% of Paycheck-to-Paycheck Consumers
June 28, 2022  |  Consumer Finance

An inflationary shock is adding to the difficulties of consumers living paycheck-to-paycheck, often with little or no savings, with challenging life events compounding these problems....

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NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
NEW DATA: Two-Thirds of Paycheck-to-Paycheck Consumers Faced Financial Disruption in Last 36 Months
June 27, 2022  |  Consumer Finance

Consumers hailing from all income brackets are feeling mounting pressure from rising inflation and economic uncertainty. PYMNTS’ research finds that 58% of United States consumers...

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Voices of the CFOs: 4 Tools and Tactics for Fighting Off Inflation
Voices of the CFOs: 4 Tools and Tactics for Fighting Off Inflation
June 22, 2022  |  CFO

Chief financial officers (CFOs) are always looking to refine the processes at their companies, but during times of economic headwinds, they sharpen their pencils just...

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62% of Consumers Made Credit Card Payments in Last 90 Days
62% of Consumers Made Credit Card Payments in Last 90 Days
June 22, 2022  |  Consumer Finance

Credit cards are the most common credit products that U.S. consumers use. In fact, 62% of consumers made credit card payments in the last 90...

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Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
Even High Earners Tapping Credit Lines Now to Offset Impact of Inflation
June 16, 2022  |  Consumer Finance

If you were earning $250,000 per year, it seems as if you’d be insulated from the effects of inflation, but in fact, over one-third (36%)...

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