Tag : LendingClub

29 Percent of Gen Z Consumers Living Paycheck to Paycheck Cite Nonessential Spending as a Cause for Financial Distress
Digital Finance News

29 Percent of Gen Z Consumers Living Paycheck to Paycheck Cite Nonessential Spending as a Cause for Financial Distress

PR Newswire
LendingClub and PYMNTS Research Shows a Majority of Consumers Purchase “Nice-to-Have” Grocery and Retail Items, Whether or Not They Live Paycheck to Paycheck LendingClub Corporation, the parent company of LendingClub Bank, America’s leading digital marketplace bank, released findings from the 25th edition of the New Reality Check: Paycheck-To-Paycheck research series, conducted in partnership......
LendingClub Acquires $1 Billion Personal Loan Portfolio
Banking Finance News

LendingClub Acquires $1 Billion Personal Loan Portfolio

Fintech News Desk
Seasoned, Quality Portfolio to Support Growth in Recurring Revenue LendingClub Corporation announced an agreement to acquire a $1.05 billion loan portfolio. The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income. The personal loans were previously acquired by......
The Number of Consumers Living Paycheck to Paycheck Has Increased Year-Over-Year Across All Income Levels
Digital Payments News

The Number of Consumers Living Paycheck to Paycheck Has Increased Year-Over-Year Across All Income Levels

Fintech News Desk
61% or 203 Million Americans are Living Paycheck To Paycheck, Up from 55% a Year Ago 33.5 million Americans spent more than they earned in the past six months LendingClub Corporation, the parent company of LendingClub Bank, America’s leading digital marketplace bank, today released findings from the 12th edition of the Reality......
LendingClub Names Drew LaBenne as New Chief Financial Officer
Banking News

LendingClub Names Drew LaBenne as New Chief Financial Officer

Fintech News Desk
Current CFO and Board Member, Tom Casey, to Retire After Transition Period LendingClub Corporation the parent company of LendingClub Bank, America’s leading digital marketplace bank, today announced that Drew LaBenne has been named LendingClub’s next Chief Financial Officer (CFO). To ensure a seamless transition, he will assume the responsibilities on September 1, 2022, from current......
Narmi Raises $35M in Funding to Accelerate Digital Transformation of America’s Financial Institutions
Finance Fintech Funding News

Narmi Raises $35Million in Funding to Accelerate Digital Transformation of America’s Financial Institutions

Fintech News Desk
Narmi transforms the nation’s financial institutions and customers include Berkshire Bank, LendingClub, Twinstar Credit Union, First Internet Bank, University Credit Union, Freedom Credit Union, and many others. Narmi, a leading provider of open digital banking technologies, announced $35M in Series B funding co-led by Greycroft and existing investors NEA and......
1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck
Digital Payments News

1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck

Fintech News Desk
LendingClub Corporation the parent company of LendingClub Bank, America’s leading digital marketplace bank, today released findings from its 10th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. For the first time in the report series, the High Earners Edition examines the financial lifestyle of the growing share of highest-income......
Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights 1st March 2023
Fintech News

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Fintech Staff Writer
FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and......
LendingClub Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform
Digital Investment Services News

LendingClub Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform

Fintech News Desk
Major Step Forward to Enhance Liquidity of Asset Class LendingClub Corporation, the parent company of LendingClub Bank, America’s leading digital marketplace bank, announced a major enhancement to its automated loan auction platform, LCX. Institutional investors can now sell LendingClub loans directly to each other on the platform, increasing liquidity for this......
LendingClub Surpasses 4 Million Members
Banking News

LendingClub Surpasses 4 Million Members

Fintech News Desk
One Year After Becoming a Bank, LendingClub Helps More People Keep More of What They Earn LendingClub Corporatio, the parent company of LendingClub Bank, America’s leading digital marketplace bank, announced it has helped more than 4 million members since 2007 on their paths to financial health. The company reached this......
LendingClub Announces New Appointments to Accelerate Digital Marketplace Bank Strategy
Banking Digital Fintech News

LendingClub Announces New Appointments to Accelerate Digital Marketplace Bank Strategy

Fintech News Desk
Promotes Ronnie Momen to Company’s First Chief Consumer Banking Officer David Bolocan joins from BBVA USA as Senior Vice President of Deposits and Payments Amber Carroll joins from Freedom Mortgage as Senior Vice President of Membership & Lifecycle Marketing Jamie Armistead joins from Zelle as Vice President of Product Management......
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