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

Ranks of Paycheck-to-Paycheck Consumers Expected to Swell in 2022
Ranks of Paycheck-to-Paycheck Consumers Expected to Swell in 2022
February 15, 2022  |  Consumer Finance

The data is sobering. Research by PYMNTS and LendingClub found that 61% of consumers were living paycheck to paycheck in December, a figure that has...

READ MORE >
Paycheck-to-Paycheck Report: Gen Z Consumers Would Struggle Most to Pay $400 Emergency Expense
Paycheck-to-Paycheck Report: Gen Z Consumers Would Struggle Most to Pay $400 Emergency Expense
February 14, 2022  |  Consumer Finance

No one likes surprises when it comes to financial planning, but many people can afford to overcome the unexpected payout more than others. For those...

READ MORE >
LendingClub Names Balaji Thiagarajan as CTO
LendingClub Names Balaji Thiagarajan as CTO
February 11, 2022  |  Personnel

Digital marketplace bank LendingClub has named Google and Microsoft vet Balaji Thiagarajan as the company’s new Chief Technology Officer (CTO). “Balaji joins us at a...

READ MORE >
PYMNTS Intelligence: 61% of the US Population Living Paycheck to Paycheck
PYMNTS Intelligence: 61% of the US Population Living Paycheck to Paycheck
February 09, 2022  |  Consumer Finance

A perfect storm of pandemic economic pressures is driving more working Americans to have to make ends meet between paychecks — a situation that isn’t improving...

READ MORE >
Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
Paycheck-to-​Paycheck Ranks Swell as Rising Prices Erode Savings
February 09, 2022  |  Consumer Finance

Even with pandemic-induced job losses on the rebound, the current economic environment has grown more complicated as the health crisis continues. While the United States...

READ MORE >
As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
February 07, 2022  |  Digital-First Banking

There are challenger banks, and now perhaps there’s everyone else. Over the last several years, there’s been a rise of digital-only firms with little more...

READ MORE >
Looming Rate Increases Pose New Challenges — and Opportunities — for Lenders
Looming Rate Increases Pose New Challenges — and Opportunities — for Lenders
January 28, 2022  |  Loans

With 2021 done, 2022 looms as a landscape of challenge and opportunity for financial services providers. The recent announcement that the Federal Reserve would look...

READ MORE >
LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
January 26, 2022  |  Payment Methods

In a Q4 LendingClub earnings call, CEO Scott Sanborn laid out the company’s vision for 2022, to keep building its on-balance-sheet loan portfolio and moving...

READ MORE >
82% of Consumers Who are Pessimistic About the Economy Cite Inflation
82% of Consumers Who are Pessimistic About the Economy Cite Inflation
January 20, 2022  |  Economy

Consumers from different demographic groups are perceiving the economy in different ways, but their mood is generally negative, according to Reality Check: The Paycheck-To-Paycheck Report,...

READ MORE >