Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | June 22, 2018

Scroll to top

Top

Personal Finance News

Collateral collapse has far-reaching ramifications

June 21, 2018 |

Frank Wessely, partner at business advisory firm Quantuma, explains why the peer-to-peer lending industry should be thinking more seriously about platform closures in the wake of Collateral’s collapse

The outcome for investors in Collateral loans remains uncertain. BDO will be reporting … Read More

Consumer over-indebtedness highest in London – FCA

June 20, 2018 |

THE PROPORTION of adults who are over-indebted in London is higher than in the rest of the UK, research shows.

The Financial Conduct Authority’s (FCA) Financial Lives survey found 17 per cent of Londoners are over-indebted, compared with the UK … Read More

Zopa: Bank of Mum & Dad closed for child savings

June 20, 2018 |

THE Bank of Mum and Dad appears closed when it comes to parents helping their children start saving or investing, Zopa claims.

A poll by the peer-to-peer lender found a fifth of parents are refusing to put money aside for … Read More

Expectations of interest rate rises decline

June 8, 2018 |

EXPECTATIONS of an interest rate hike have declined among the public, research suggests.

The Bank of England’s inflation attitudes survey for May found 51 per cent of respondents anticipate a rate rise over the next 12 months, down from 58 … Read More

Funding Circle scraps downloadable loanbook

June 7, 2018 |

FUNDING Circle has withdrawn its downloadable loanbook and stopped publishing loan performance data on a daily basis.

The peer-to-peer business lender announced on Thursday that it has launched a new statistics page which will be updated every three months.

The … Read More

IFISA name gives investors the wrong impression, says Amberside boss

June 5, 2018 |

INNOVATIVE Finance ISA (IFISA) is a misleading term for investors, according to the head of a new crowd bond platform that offers the tax wrapper.

David Scrivens, director of Amberside Capital, said that their platform – which invests in the … Read More

FCA unveils overdrafts crackdown

May 31, 2018 |

BANKS and consumer credit providers may have to set up mobile alerts to warn customers of impending overdraft charges as part of a clampdown on high-cost finance.

The Financial Conduct Authority (FCA) has unveiled a package of measures aimed at … Read More

Consumer credit growth shoots back up after March slowdown

May 25, 2018 |

PERSONAL loan borrowing and credit card spending through the main high street banks returned to growth in April after a decline in March.

Data from banking trade body UK Finance shows annual growth in personal loan borrowing shot back up … Read More

Falling inflation sparks interest rate warnings

May 23, 2018 |

INFLATION has fallen to its lowest rate in 18 months, leading experts to predict that there will be no rise in interest rates before the end of the summer.

According to new data from the Office for National Statistics, inflation … Read More

HMRC updates crypto investors on tax confusion

May 14, 2018 |

CRYPTOCURRENCY investors have been warned by experts that they may face an unexpected tax bill if they sell out of the market at a profit.

However, a HMRC representative has told Peer2Peer Finance News that the tax office will deal … Read More