‘Buy now, pay later' is more popular than ever. It can cost more than you think [Los Angeles Times (CA)]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Los Angeles Times
attractive at a time when Americans still feel the lingering effects of inflation and already have record-high credit card debt. The data firm Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later than they did a year ago. The company forecasts shoppers will purchase $18.5 billion worth of goods using the third-party services for the period Nov. 1 to Dec. 31, with $993 million worth of purchases on Cyber Monday alone. Buy now, pay later can be particularly appealing to consumers who have low credit scores or no credit history, such as younger shoppers, because most of the companies providing the service run only soft credit checks and don't report the loans and payment histories to the credit bureaus, unlike credit card companies. This holiday season, buy now, pay later users can also feel more confident if a transaction goes awry. In May, the CFPB said buy now, pay later companies must adhere to other regulations that govern tradit
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News
- Savings Rates Are Falling, but There's Still Time to Grab a 5% APY. Today's Savings Rates, Dec. 3, 2024 [CNET News]CNET News
- Lending stocks down after JPMorgan downgrades fintech players [Yahoo! Finance]Yahoo! Finance
- LendingClub Co. (NYSE: LC) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $17.00 price target on the stock, up previously from $14.00.MarketBeat
- Yes, You Can Still Find a 5% Savings Account. Today's Savings Rates, Dec. 2, 2024 [CNET News]CNET News
- There's Only One 5% Savings Account Left. Today's Daily Savings Rates, Nov. 29, 2024 [CNET News]CNET News
LC
Earnings
- 10/23/24 - Beat
LC
Sec Filings
- 11/27/24 - Form 4
- 11/27/24 - Form 4
- 11/27/24 - Form 4
- LC's page on the SEC website