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

Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
September 27, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60%...

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Groupon Exec Simon Goodall Named CEO of Caribou Financial
Groupon Exec Simon Goodall Named CEO of Caribou Financial
September 25, 2023  |  Personnel

Caribou Financial has a new CEO, one focused on expanding the lender’s auto loan refinancing presence. “It’s a pretty simple business and it’s just a...

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LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
September 19, 2023  |  Consumer Finance

The latest economic data is in, and the Consumer Price Index shows that inflation has picked up to its fastest pace in several months. Amber...

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Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
September 14, 2023  |  Consumer Finance

Living paycheck to paycheck is a harsh reality for millions of individuals in the U.S., and nonessential spending plays a key role in adding to...

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LendingClub Picks Santander as Auto Refinancing Partner
LendingClub Picks Santander as Auto Refinancing Partner
September 12, 2023  |  News

LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.  The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program...

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Affordable Luxury Sales Gets Caught in Middle-Tier Crunch
Affordable Luxury Sales Gets Caught in Middle-Tier Crunch
September 03, 2023  |  Retail

Some brands continue to seek market share for shoppers seeking lower-priced luxury, even as competitive sales slow.  After decades of defining themselves through exclusivity and personalized services...

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Even Financially Struggling Consumers Continue to Dine Out 
Even Financially Struggling Consumers Continue to Dine Out 
August 31, 2023  |  Consumer Insights

Rising menu prices and overall economic pressures may continue to weigh heavy on consumers, but even those who have difficulty getting by are still willing...

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Streaming as an Indulgence Sees Spend Across Financial Lifestyles
Streaming as an Indulgence Sees Spend Across Financial Lifestyles
August 31, 2023  |  Streaming

Despite budgetary constraints, extra spend in certain discretionary categories may go a long way for the consumer mindset. When faced with decisions about which services...

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Even Amid Budgetary Pressures, Grocery Shoppers Splurge on Treats
Even Amid Budgetary Pressures, Grocery Shoppers Splurge on Treats
August 30, 2023  |  Consumer Insights

Inflation may be impacting how consumers shop for groceries, but the vast majority continue to carve out room in their budgets for nice-to-have foods and...

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