CONSUMER LOANS (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of the Investment in Consumer Loan Companies

The following table summarizes characteristics of the consumer loan portfolio classified as HFI and measured at fair value under the fair value option election:


	UPB		Carrying Value		Weighted Average Coupon		Weighted Average Expected Life (Years)
March 31, 2025
SpringCastle	$	192,644	$	201,468	18.0	%	3.7
Marcus	470,473		352,700		11.1	%	0.8
Total Consumer Loans	$	663,117	$	554,168	13.1	%	1.6
December 31, 2024
SpringCastle	$	208,306	$	219,308	18.1	%	3.8
Marcus	559,317		446,257		11.0	%	1.0
Total Consumer Loans	$	767,623	$	665,565	12.9	%	1.8

Schedule Of Consumer Loans, Held-For-Investment

The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans:




	March 31, 2025						December 31, 2024
Days Past Due	UPB		Carrying Value(A)		Carrying Value Over (Under) UPB		UPB		Carrying Value(A)		Carrying Value Over (Under) UPB
SpringCastle:
Current	$	188,399	$	197,088	$	8,689	$	203,923	$	214,746	$	10,823
90+	4,245		4,380		135		4,383		4,562		179
Total SpringCastle	192,644		201,468		8,824		208,306		219,308		11,002

Marcus:
Current	$	337,889	$	338,903	1,014		$	438,712	$	438,712	$	—
90+	132,584		13,797		(118,787)		120,605		7,545		(113,060)
Total Marcus	470,473		352,700		(117,773)		559,317		446,257		(113,060)

	$	663,117	$	554,168	$	(108,949)	$	767,623	$	665,565	$	(102,058)

(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.

Schedule of Carrying Value of Performing Consumer Loans

The following table summarizes the activity for consumer loans for the period:









Balance at December 31, 2024	$	665,565
Additional fundings(A)	6,595
Proceeds from repayments	(111,102)
Accretion of loan discount and premium amortization, net	5,923
Fair Value Adjustments Due To:
Changes in instrument-specific credit risk	(2,003)
Other factors	(10,810)
Balance at March 31, 2025	$	554,168

(A)Represents draws on consumer loans with revolving privileges.