Gen Z is drowning in debt as buy-now-pay-later services skyrocket: ‘They're continuing to bury their heads in the sand and spend' [Fortune]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Fortune
at a time when Americans still feel the lingering effect 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 traditional credit
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LC
News
- Total Return Breakouts: LendingClub, "Zombie" Bank Winners And A Fed Rate Cut Next Week [Seeking Alpha]Seeking Alpha
- Start Your 2025 Savings Goals Now. High APYs Could Be Gone by the New Year. Today's Savings Rates, Dec. 5, 2024 [CNET News]CNET News
- LendingClub Co. (NYSE: LC) had its price target raised by analysts at Keefe, Bruyette & Woods from $15.00 to $17.00. They now have an "outperform" rating on the stock.MarketBeat
- These Savings Rates Won't Last. Don't Wait Until the New Year to Make a Move. Today's Savings Rates, Dec. 4, 2024 [CNET News]CNET 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
LC
Earnings
- 10/23/24 - Beat
LC
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 11/27/24 - Form 4
- LC's page on the SEC website