CONSUMER LOANS (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of the Investment in Consumer Loan Companies

The following table summarizes characteristics of the consumer loan portfolio, inclusive of the SpringCastle loans and Marcus loans:

	UPB		Carrying Value		Weighted Average Coupon		Weighted Average Expected Life (Years)
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
December 31, 2022
SpringCastle	$	330,428	$	363,756	17.8	%	3.4
Marcus	$	—	$	—	—	%	—
Total consumer loans	$	330,428	$	363,756	17.8	%	3.4

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:

	December 31,
	2023						2022
Days Past Due	UPB		Carrying Value(A)		Carrying Value Over (Under) UPB		UPB		Carrying Value(A)		Carrying Value Over (Under) UPB
SpringCastle
Current	$	255,441	$	280,577	$	25,136	$	325,192	$	358,057	$	32,865
90+	4,661		5,055		394		5,236		5,699		463
Total SpringCastle	$	260,102	$	285,632	$	25,530	$	330,428	$	363,756	$	33,328
Marcus
Current	$	1,014,404	$	956,076	$	(58,328)	$	—	$	—	$	—
90+	34,268		32,297		(1,971)		—		—		—
Total Marcus	$	1,048,672	$	988,373	$	(60,299)	$	—	$	—	$	—
	$	1,308,774	$	1,274,005	$	(34,769)	$	330,428	$	363,756	$	33,328

(A)Consumer loans are carried at fair value. See Note 20 regarding fair value measurements.

Schedule of Carrying Value of Performing Consumer Loans

The following table summarizes activities related to the carrying value of consumer loans:

Balance at December 31, 2021	$	507,291
Purchases	—
Additional fundings(A)	29,615
Proceeds from repayments	(150,301)
Accretion of loan discount and premium amortization, net	13,891
Fair value adjustments due to:
Changes in instrument-specific credit risk	1,540
Other factors	(38,280)
Balance at December 31, 2022	$	363,756
Purchases	1,317,347
Additional fundings(A)	27,510
Proceeds from repayments	(446,124)
Accretion of loan discount and premium amortization, net	37,717
Fair value adjustments due to:
Changes in instrument-specific credit risk	957
Other factors	(27,158)
Balance at December 31, 2023	$	1,274,005

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