Square's IPO — What it Means for FinTech

Following IPOs from Lending Club and OnDeck last year, another FinTech company is set to go public in the coming weeks. Square, a payments company famous for their mobile card readers amongst other things, filed for their initial public offering earlier this month. While no date has been announced for their stock debut yet, the news has garnered a lot of attention. Part of the reason Square's IPO has been...

Lending Club Debuts Line of Credit Option for Small Businesses

Thanks to the rise of FinTech companies and online lenders, small business owners have enjoyed more options than ever when it comes to getting a loan. Now one such lender is offering entrepreneurs yet another option. This past week Lending Club expanded their small business lending offerings to include a business line of credit. This new product will give entrepreneurs the ability to cover unexpected expenses and invest in improvements without taking out...

One Major (But Simple) Money Saving Grocery Shopping Tip

Most people know that a good way to curb their spending is to limit the number of times they go out to eat. Cooking at home, while certainly more time-consuming, is often far cheaper than paying to have food prepared for you. However grocery shopping can also get expensive when it is not done properly. That's why Money recently shared one fat tip for slimming down your grocery bill. So what's the...

FinTech Insurgents? How Lending Club Is Working With Banks

On the heels of being named one of Bloomberg Markets' 50 Most Influential figures, Lending Club CEO Renaud Laplanche recently appeared at the Bloomberg Markets' Most Influential Summit in New York. There, he sat with Joe Weisenthal and Earthport CEO, Hank Uberoi, to talk about his company and the rising FinTech movement.Although the panel was titled "Banker Beware: Meet the FinTech Insurgents," Laplanche dispelled the notion that Lending Club is...

Small Business Loans: 3 Big Things to Consider

Looking to get a loan for your small business? With multiple new lenders popping up it's important to remember that not all small business loans are created equal (or, if you're an Orwell fan, some are more equal than others). To help guide you in your research for the loan that's right for you, Nerdwallet recently examined three questions you should ask yourself when looking for a small business loan. Perhaps...

U.S. Consumer Sentiment Bullish Despite Weak Industrial Output

According to the University of Michigan’s consumer sentiment index, which “rose to 92.1 in early October from a reading of 87.2 in September”, the U.S. economy could benefit from a “4 percent annualized rate of consumer spending growth” if this bullish behavior endures throughout 2015. Considering the disappointing impacts of a strong dollar on earnings, general stock market volatility, and underinvestment in capital markets dependable growth in consumer spending, which...

Are Bad Habits Hurting Your Finances?

One of the keystones of personal finance is discipline. This means having the ability to curb your spending and resist impulses that will waste your funds. However, we all have bad habits that can not only affect our health and well-being but also take a toll on our finances. Frugal Rules recently took at look at seven common bad habits that cost you money. Some of these are no surprise...

Lending Club CEO Named to Bloomberg Most Influential List

Bloomberg has just released their list of the 50 Most Influential figures for the fifth year in a row and Lending Club CEO Renaud Laplanche was named #28. Other big names on the list include Janet Yellen (#1), Elon Musk (#25), Jeff Bezos (#15), and even President Barack Obama (#6). The list itself is broken into six categories — Corporate Power Builders, Policy Shapers, Money Managers, Bankers, Tech Builders, and Thinkers...