What Is LendingClub and What Do We Do? (2024)

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Members Earn More Cash Back and Rewards With Stackit

From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.

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Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.

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LendingClub Surpasses 4 Million Members

Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four millionmembers who have chosen LendingClub as their partner to help them reach their financial goals.

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LendingClub Celebrates One Year as a Digital Marketplace Bank

In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank.

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Mar 6, 2022

less than a minute read

Changes to Our Business Model

LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumerdepositbusiness, we inherited a fintech partner program,andseveral lendingbusinesses.As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinuecertain businesses that don’t fit our mission.

Related FAQ's

What Is StackIt from LendingClub Bank?

Stackit is a brand-new browser extension for personal loan members that’s free, easy to install, and automatically finds cash back and coupons at more than 15,000 of your favorite online stores.

General FAQ

Jun 7, 2023

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Privacy and Security

We take the privacy and security of our members, investors, and partners seriously. Here are some answers to frequently asked questions about LendingClub’s privacy policies.

General FAQ

Jun 7, 2023

2 min read

When and Why Did LendingClub Acquire Radius Bank?

On February 1, 2021, LendingClub Bank, N.A., closed the acquisition of Radius Bancorp and its wholly-owned subsidiary, Radius Bank, becoming the only full-spectrum financial technology (fintech) marketplace bank and the first public U.S. neobank.

General FAQ

Jun 7, 2023

2 min read

How Do I Make Payments on Auto Refinance Loans?

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.

Auto Refinance FAQ

Nov 29, 2023

less than a minute read

Is There a Summary of Annual Earnings for My Account?

LendingClub provides a year-endstatementthat summarizes your account activity, including how much interest you’ve earned and information regarding Notes tied to loans that have beencharged off.

Investing FAQ

Jun 7, 2023

less than a minute read

Related Glossary

Revolving Credit

{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.

R Letter Term

Sep 6, 2023

4 min read

Annual Percentage Rate (APR)

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A Letter Term

Mar 21, 2023

3 min read

Accrued Interest

{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 Letter Term

Mar 21, 2023

4 min read

Charge-Off

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.

C Letter Term

Feb 7, 2023

3 min read

Fixed Interest Rate

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.

F Letter Term

Feb 4, 2023

3 min read

What Is LendingClub and What Do We Do? (2024)
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