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

PayPal Answers Apple with BNPL Expansion
PayPal Answers Apple with BNPL Expansion
June 15, 2022  |  BNPL

The buy now, pay later (BNPL) space is relatively young. And a greenfield opportunity would, seemingly, invite a broad range of players, large and small,...

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Personal Loan App Provider Ranking Sees New Leader MoneyLion Roar to Top
Personal Loan App Provider Ranking Sees New Leader MoneyLion Roar to Top
June 13, 2022  |  Personal Loans

There’s only one change of position in PYMNTS’ latest Provider Ranking of Personal Loan apps, but it’s a big one — there’s a new leader....

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The Data Point: Paycheck-to-Paycheck Reality Is Reality for Over 6 in 10 Americans
The Data Point: Paycheck-to-Paycheck Reality Is Reality for Over 6 in 10 Americans
June 02, 2022  |  Economy

The extent of paycheck-to-paycheck living — and the nuances within that broad categorization — are becoming more relevant and critical to consumers now than at...

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Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
Report: 36% of Consumers Earning $250K+ Now Live Paycheck-to-Paycheck
June 01, 2022  |  Consumer Finance

With inflation driving up costs everywhere, consumers in all income brackets — including those who make more than $250,000 annually — live paycheck to paycheck....

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PYMNTS AM Radar: Grocery Shopping; Money-Out Mobility; Client-to-Client Loans; ICYMI
PYMNTS AM Radar: Grocery Shopping; Money-Out Mobility; Client-to-Client Loans; ICYMI
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It’s Thursday, May 26 and it’s National Blueberry Cheesecake Day, so grab a slice and cozy up to this memo Bill Gates wrote 27 years...

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LendingClub Says Client-to-Client Loans Mark Evolution for Its Online Marketplace
LendingClub Says Client-to-Client Loans Mark Evolution for Its Online Marketplace
May 26, 2022  |  Loans

Risk and reward are the cornerstones of any asset class. Clarke Roberts, senior vice president, Electronic Trading Services at LendingClub, told Karen Webster that whole...

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LendingClub’s LCX Platform to Get Client-to-Client Transactions
LendingClub’s LCX Platform to Get Client-to-Client Transactions
May 25, 2022  |  Loans

LendingClub, the parent of LendingClub Bank, on Wednesday (May 25) announced it is adding client-to-client sales to LCX, its automated loan-auction platform. The new capacity...

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The Data Point: 33% of Paycheck-to-Paycheck Consumers Are Less Likely to Be Using Credit
The Data Point: 33% of Paycheck-to-Paycheck Consumers Are Less Likely to Be Using Credit
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Revelations around the extent of paycheck-to-paycheck living are an eye-opener, with high-earners and strong credit scores living one experience, and those earning less or struggling...

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Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
May 19, 2022  |  Economy

Where there’s smoke, there’s fire. The signals smoldering from subprime loan delinquencies that the paycheck-to-paycheck economy is in trouble. Data from credit reporting giant Equifax,...

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