Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following:

December 31,	2019		2018
Accrued expenses	$	36,797	$	42,507
Accrued compensation	30,484		36,105
Transaction fee refund reserve	25,541		19,543
Contingent liabilities (1)	16,000		12,750
Deferred revenue	13,688		9,420
Loan trailing fee liability, at fair value	11,099		10,010
Payable to issuing banks	1,332		1,182
Deferred rent (2)	—		16,211
Other	7,695		4,390
Total accrued expenses and other liabilities	$	142,636	$	152,118

⁽¹⁾  See “Note 19. Commitments and Contingencies” for further information.

⁽²⁾ 

The Company adopted ASU 2016-02, Leases, as of January 1, 2019. As such, effective January 1, 2019, deferred rent is included within operating lease liabilities on the Company’s consolidated balance sheets. For additional information, see “Note 2. Summary of Significant Accounting Policies” and “Note 18. Leases.”