Scott Sanborn

Stuart Paul, a Bloomberg Economics U.S. and Canada economist, discusses recent ADP data indicating significant job losses and its implications for Fed policy. Scott Sanborn, CEO of LendingClub, shares insights into their unique business model focusing on middle-income customers and home improvement loans. Herman Chan, a Bloomberg Intelligence analyst, provides context on regional banking trends amidst the evolving labor market. Together, they explore the balance between economic downturns and strategic financial initiatives in an uncertain climate.

Scott Sanborn, CEO of LendingClub, discusses how the company adapts to real-time consumer credit health and plans to double originations. Christina Lee from Oaktree Capital dives into private credit dynamics, stressing the importance of transparency amidst rising defaults. Mandeep Singh analyzes enterprise software and cloud security trends, while Angus Thirlwell, founder of Hotel Chocolat, shares insights on their U.S. expansion strategy and collaboration with Mars. Devin Leonard uncovers Target's struggles with design and execution, highlighting what it needs to regain relevance.

Scott Sanborn, CEO of LendingClub, shares insights on consumer credit trends as the holiday season approaches. He discusses the profile of their 'middle majority' customers, revealing the complexities of income data. Sanborn also highlights LendingClub's evolved marketplace strategy and the importance of being selective with borrowers. He dives into the mechanics of debt consolidation and why high credit card rates persist. Additionally, he notes the resilience of consumers, despite mixed spending sentiments, as they navigate the holiday hustle.