LendingClub Webinar Discusses the Economics of Banking and Consumer Advocacy
August 3, 2021less than a minute read
This week, our very own Financial Health Officer, Anuj Nayar joined Head of Public Policy, Armen Meyer and Director of Public Policy, Louis Caditz-Peck, for the second installment of our quarterly webinar series diving deep into all things LendingClub.
LendingClub’s commitment to improving the financial health of everyday Americans has been the driving force for our position as an industry leading digital marketplace bank. Equipped with recently reported Q2 earnings, new data from our Paycheck-to-Paycheck research series, and ongoing advocacy prowess, the trio dug deep on what’s happening at the company and how the combination of our marketplace, members and data supremacy is now bolstered as a bank.
Check out the video below to learn more. To view our first webinar and learn more about LendingClub’s digital marketplace bank, click here.
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Todd Denbo, our SVP of Auto, and Anuj Nayar, our Financial Health Officer, reviewed the themes from LendingClub’s recently reported Q3 earnings, dove into the expansion and growth of LendingClub’s auto refinance loans, shared insights from the company’s latest public research about the financial lives of consumers, and closed with an exciting regulatory update.
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Related FAQ's
We offer several ways for you to make your monthly auto loan payment, so you can choose the method that works best for you. A statement will be mailed to you every month that shows the payment amount and due date.
LendingClub provides a year-end statement that summarizes your account activity, including how much interest you’ve earned and information regarding Notes tied to loans that have been charged off.
If you're ready to pay off your loan, congratulations! That’s a big financial step.
If we’re not able to offer you a lending product, you're welcome to apply through one of our lending partners.
Once you’ve submitted your application, we’ll try to confirm your information on our own. Sometimes, you may need to submit a few documents to confirm your identity, income, or vehicle ownership.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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