Company Directory - LendingTree
Company Details - LendingTree
LendingTree
WebsiteCharlotte, United States
LendingTree is a credit platform that allows consumers to compare loans and other financial products from various lenders, streamlining the borrowing process through surveys and its user-friendly online interface.
CCI Score
CCI Score: LendingTree
-27.65
0.10%
Latest Event
LendingTree Survey Reveals Rising BNPL Delinquency
LendingTree released a survey reporting that 41% of Buy Now, Pay Later (BNPL) users experienced late payments in the past year, up from 34% previously. The survey, highlighted in an NBC News article, underscores growing consumer financial vulnerability amid escalating U.S. consumer debt.
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ACCOMPLICE
LendingTree is currently rated as an Accomplice.
Latest Events
- MAY202025
LendingTree released a survey reporting that 41% of Buy Now, Pay Later (BNPL) users experienced late payments in the past year, up from 34% previously. The survey, highlighted in an NBC News article, underscores growing consumer financial vulnerability amid escalating U.S. consumer debt.
- FEB062025
The OpenSecrets report details that LendingTree contributed $125,826 during the 2024 election cycle and did not report any federal lobbying activities. This suggests the company’s political engagement is moderate and not overtly geared towards influencing policy in an authoritarian manner.
+10
Political Contributions and Lobbying Efforts
May 20
LendingTree’s contribution of $125,826 in the 2024 cycle, coupled with the absence of reported lobbying efforts, indicates measured political engagement. This level of involvement is relatively moderate and does not appear to support overt authoritarian or far‐right agendas, which from an anti-fascist perspective is a positive aspect.
- JUN012024
LendingTree and its subsidiary QuoteWizard are facing a class action lawsuit following a data breach that exposed the personal information of millions of consumers. The breach, which occurred in June 2024 due to a failure to implement basic cybersecurity measures such as multifactor authentication, has raised serious concerns about the company’s ethical responsibility in protecting sensitive customer data.
-40
Business Practices and Ethical Responsibility
May 20
LendingTree’s alleged negligence in implementing fundamental cybersecurity measures, leading to a significant data breach and subsequent class action lawsuit, highlights a severe shortfall in their business practices and ethical responsibility. Such failures not only compromise consumer security but also disproportionately affect vulnerable communities who rely on secure handling of their personal data.
LendingTree, QuoteWizard Face Class Action Lawsuit Over Snowflake Data Breach
- MAR312024
LendingTree spent $210,000 on federal lobbying activities during early 2024, as reported by OpenSecrets. This corporate political spending raises concerns over potential undue influence on policy making and the erosion of democratic accountability.
-40
Political Contributions and Lobbying Efforts
May 20
LendingTree's reported expenditure of $210,000 on lobbying in early 2024 reflects a significant investment in influencing federal policy. From an anti-fascist perspective, this level of political spending can be seen as an effort to shape regulatory outcomes in favor of corporate interests, potentially undermining democratic processes and transparency.
- NOV022023
LendingTree, facing a difficult revenue environment, reduced its workforce by over 30% in the past year, largely through Q1 layoffs. The decision, described as a move to discipline expenses, raises concerns regarding labor rights and the welfare of workers.
-60
Labor Relations and Human Rights Practices
May 20
The significant workforce reduction of over 30% negatively impacts labor relations and worker rights. This move, undertaken in a challenging revenue period, appears to favor cost-cutting and profit preservation over the welfare of employees, a decision that harms marginalized workers and undermines fair labor practices.
- SEP262023
LendingTree LLC has agreed to pay $875,000 to settle a class-action lawsuit stemming from a February 2022 data breach that exposed the personal information of 200,000 consumers. The settlement comes after allegations that LendingTree failed to implement basic data security measures and adhere to industry standards.
-30
Business Practices and Ethical Responsibility
May 20
The settlement indicates that LendingTree did not uphold essential ethical business practices by failing to secure sensitive consumer data. This lapse in data protection raises serious concerns regarding the company's commitment to consumer safety and ethical standards in its business operations.
LendingTree Will Pay $875,000 to Settle Data Breach Class Action
- MAY302023
A class action lawsuit filed over a February 2022 data breach, which allegedly compromised the data of 200,000 consumers due to inadequate security protocols, is now headed to mediation with a 30-day expert report deadline extension request. The suit claims that LendingTree’s delayed disclosure and downplaying of the breach violated state and federal standards.
-60
Business Practices and Ethical Responsibility
May 20
The lawsuit alleges that LendingTree neglected essential data security measures, delaying breach disclosure and downplaying the extent of the incident, which points to unacceptable business practices and ethical irresponsibility in handling sensitive consumer information. This negligence is viewed as harmful to consumer protection and trust, particularly impacting marginalized groups who depend on stringent data security for privacy.
Class action lawsuit over LendingTree data breach headed to mediation
- APR042023
LendingTree conducted another round of layoffs, cutting approximately 150 positions in its Charlotte operations as part of ongoing cost-cutting measures, following an earlier round of 200 layoffs in 2022.
-60
Labor Relations and Human Rights Practices
May 20
The layoffs affecting 150 employees highlight a troubling disregard for worker job security and rights. From an anti-fascist perspective, such large-scale reductions in force undermine labor solidarity and the protection of vulnerable workers, reinforcing exploitative practices in the face of challenging economic conditions.
- MAR312023
LendingTree announced a layoff round cutting nearly 13% of its workforce, impacting around 150 employees across various levels as part of a cost-cutting measure amid challenging economic conditions.
-50
Labor Relations and Human Rights Practices
May 20
The decision to lay off about 13% of employees negatively impacts worker security and fair labor practices. From an anti-fascist perspective that champions workers’ rights and protections for marginalized communities, such a significant workforce reduction is viewed as undermining ethical business practices by sacrificing employee welfare for short-term cost savings.
- MAR242023
On March 24, 2023, LendingTree announced a 13% reduction in its workforce, affecting approximately 163 employees, as part of a plan to reduce operating costs, leading to significant severance charges.
-50
Labor Relations and Human Rights Practices
May 20
The decision to lay off a significant portion of the workforce for cost-cutting purposes reflects poor labor relations and disregards the welfare of employees, which is a critical concern from an anti-fascist, pro-worker perspective.
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Corporate Financials
- Revenue
- 2025
- $724.00M
Industries
- 522291
- Consumer Lending
- 541511
- Custom Computer Programming Services
- 541618
- Other Management Consulting Services
- 523930
- Investment Advice