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CONSUMER LOANS (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments In Consumer Loans Equity Method Investees [Abstract] |
Schedule of Consumer Loan Portfolio Measured at Fair Value | The following table summarizes characteristics of the consumer loan portfolio measured at fair value:
| Unpaid Principal Balance |  |  |  | Carrying Value |  | Weighted Average Coupon |  | Weighted Average Expected Life (Years) |  |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |
SpringCastle | $ | 231,945 |  |  |  |  | $ | 244,578 |  |  | 18.2 | % |  | 3.8 |  |
Marcus | 779,708 |  |  |  |  | 701,789 |  |  | 10.9 | % |  | 0.9 |  |
Total consumer loans | $ | 1,011,653 |  |  |  |  | $ | 946,367 |  |  | 12.5 | % |  | 1.6 |  |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
SpringCastle | $ | 260,102 |  |  |  |  | $ | 285,632 |  |  | 18.2 | % |  | 3.7 |  |
Marcus | 1,048,672 |  |  |  |  | 988,373 |  |  | 10.5 | % |  | 1.2 |  |
Total consumer loans | $ | 1,308,774 |  |  |  |  | $ | 1,274,005 |  |  | 12.0 | % |  | 1.7 |  |
Schedule of Past Due Status and Difference Between Aggregate UPB and Aggregate Carrying Value of Consumer Loans | The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans:
|  | June 30, 2024 |  | December 31, 2023
Days Past Due |  | UPB |  | Carrying Value(A) |  | Carrying Value Over (Under) UPB |  | UPB |  | Carrying Value(A) |  | Carrying Value Over (Under) UPB
SpringCastle |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 227,741 |  |  | $ | 240,197 |  |  | $ | 12,456 |  |  | $ | 255,441 |  |  | $ | 280,577 |  |  | $ | 25,136 |
90+ |  | 4,204 |  |  | 4,381 |  |  | 177 |  |  | 4,661 |  |  | 5,055 |  |  | 394 |
Total SpringCastle |  | $ | 231,945 |  |  | $ | 244,578 |  |  | $ | 12,633 |  |  | $ | 260,102 |  |  | $ | 285,632 |  |  | $ | 25,530 |
Marcus |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 690,063 |  |  | $ | 621,103 |  |  | $ | (68,960) |  |  | $ | 1,014,404 |  |  | $ | 956,076 |  |  | $ | (58,328) |
90+ |  | 89,645 |  |  | 80,686 |  |  | (8,959) |  |  | 34,268 |  |  | 32,297 |  |  | (1,971) |
Total Marcus |  | $ | 779,708 |  |  | $ | 701,789 |  |  | $ | (77,919) |  |  | $ | 1,048,672 |  |  | $ | 988,373 |  |  | $ | (60,299) |
|  | $ | 1,011,653 |  |  | $ | 946,367 |  |  | $ | (65,286) |  |  | $ | 1,308,774 |  |  | $ | 1,274,005 |  |  | $ | (34,769) |
(A)Consumer loans are carried at fair value under the fair value option election. See Note 19 regarding fair value measurements.
Schedule of Activity for Consumer Loans | The following table summarizes the activity for consumer loans for the period:
|  |  |  |  | Total
Balance at December 31, 2023 |  |  |  |  | $ | 1,274,005 |
Purchases |  |  |  |  | — |
Additional fundings(A) |  |  |  |  | 10,098 |
Proceeds from repayments |  |  |  |  | (302,325) |
Accretion of loan discount and premium amortization, net |  |  |  |  | 15,978 |
Fair value adjustments due to: |  |  |  |  |
Changes in instrument-specific credit risk |  |  |  |  | (31,634) |
Other factors |  |  |  |  | (19,755) |
Balance at June 30, 2024 |  |  |  |  | $ | 946,367 |
(A)Represents draws on consumer loans with revolving privileges.

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