LendingClub Corp (LC) Reports Q4 and Full Year 2023 Earnings: Sustains Profitability Amid ... (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),zn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    LendingClub Corp (LC) Reports Q4 and Full Year 2023 Earnings: Sustains Profitability Amid ... (2024)

    FAQs

    Why is LendingClub Corp on my credit report? ›

    However, if you receive a loan through LendingClub Bank, a hard credit inquiry that may affect your credit score will appear on your credit report. Keep in mind that new loans are factored in your credit score, and if you're consistent with your payments, they can help you improve your credit over time.

    What are the results of LendingClub Q4? ›

    The company, a leading online lending marketplace platform, reported a dip in net revenue to $185.6 million for Q4 compared to $200.8 million in the previous quarter. However, net income saw an improvement, rising to $10.2 million, or $0.09 per diluted share, from $5.0 million, or $0.05 per diluted share, in Q3.

    Why is LendingClub holding my money? ›

    Our mission is to protect you against any potentially fraudulent activity, and through the first 30 days of your account, your deposit will be made available to you after 5 business days. We place the holds during the first 30 days of your account opening for your protection.

    Why is LendingClub stock falling? ›

    Business for the upstarts was good when interest rates were low and they could access capital cheaply. But once the Fed started raising rates in early 2022, revenue growth slowed—in the case of LendingClub, revenue fell—and their stocks crashed.

    What is the LendingClub scandal? ›

    The LendingClub scandal refers to when LendingClub was sued by the Federal Trade Commission in 2018 for issues related to falsely promising loans with "no hidden fees," telling consumers they had been approved for a loan when that was not true, and making unauthorized withdrawals.

    Why is LendingClub shutting down? ›

    According to LendingClub's website, "Unfortunately, under a prospective banking framework, it is not economically practical for LendingClub to continue to offer Notes. So, we had to make the difficult decision to retire the Notes platform effective December 31, 2020."

    What went wrong with LendingClub? ›

    The scandal started with a very big no-no: Employees of Lending Club went into the company database and doctored loan applications to make them look more appealing to investors. "Once the loan application has been made, that data is sacred," says Peter Renton.

    What company owns LendingClub? ›

    About LendingClub

    LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC.

    Is LendingClub stock a buy? ›

    Lendingclub Corp.'s analyst rating consensus is a Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.

    Is LendingClub predatory? ›

    The FTC sued LendingClub in April 2018, charging that the company falsely promised loan applicants that they would receive a specific loan amount with “no hidden fees,” when in reality the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans.

    Is LendingClub real or fake? ›

    LendingClub is a legitimate online lender because it is accredited by the Better Business Bureau, which gives it a rating of A+. Plus, LendingClub has a 4/5 rating from WalletHub's editors because its personal loans can be a good option for people with bad-to-fair credit.

    Is LendingClub being sued? ›

    Our analysis. In April 2018, the FTC sued LendingClub for violating several laws and using deceptive patterns to deceive loan applicants.

    Is LendingClub bank stable? ›

    Accounts are FDIC insured, meaning members can trust that their money is safe with LendingClub Bank and protected up to the maximum allowed by law.

    Can I lose money lending stocks? ›

    Since the price of a share can fluctuate with market demand, the value of the stock used to secure a loan is not guaranteed over the long term. In situations where a stock loses value, the collateral associated with a loan may become insufficient to cover the outstanding amount.

    Does LendingClub pay dividends? ›

    We have not declared or paid cash dividends on our common stock.

    Is Lending Club Corporation legit? ›

    LendingClub has an A+ rating with the Better Business Bureau, earning an average score of 4.44 out of 5 stars from more than 1,800 reviews. Its Trustpilot score is excellent, with an average of 4.7 out 5 stars; 88% of its reviews are five-star ratings.

    What bank is behind LendingClub? ›

    How LendingClub is regulated. All loans are made by LendingClub Bank, N.A., which operates under federal banking law. LendingClub Bank is FDIC-insured and is subject to consumer lending regulations, including the Truth in Lending Act, the Equal Credit Opportunity Act, and the Fair Credit Reporting Act.

    Why is Credit Corp on my credit report? ›

    If you've heard from us it's likely because Credit Corp has been assigned your account from a bank, finance, telecommunications or utility company. This means that you now owe the outstanding balance to Credit Corp. Falling behind can happen to everyone and we'd like to help you get back on track.

    What credit company does LendingClub use? ›

    LendingClub uses FICO 8 and VantageScore 2.0, in addition to a proprietary scoring system. Minimum credit history: 36 months and two accounts.

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