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Peer2Peer Finance News | August 19, 2019

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Personal Finance News

Growth Street: BoE rate hold could drive people to P2P

August 1, 2019 |

GROWTH Street thinks that the Bank of England’s decision to hold interest rates this month could drive individuals towards peer-to-peer investing.

The central bank’s monetary policy committee voted unanimously on Thursday to maintain the base rate at 0.75 per cent.

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Platforms may be forced to favour high net worths due to incoming 10pc rule

August 1, 2019 |

RETAIL investors are at risk of being shut out of the peer-to-peer lending sector due to the so-called 10 per cent rule that will come into force this December.

The rule change is part of investor marketing restrictions introduced by … Read More

Lendy investors must wait until October to withdraw funds

July 26, 2019 |

LENDY investors will need to wait until October at the earliest to recoup any of their funds, the administrator of the collapsed peer-to-peer lender has said.

RSM said that before it can release any money to investors – which includes … Read More

Leader of London Capital & Finance probe urges victims to get in touch

July 25, 2019 |

THE LEADER of an independent probe into the supervision of London Capital & Finance (LCF) has urged those affected by the collapse of the mini-bond provider to get in touch.

International arbitrator Dame Elizabeth Gloster is heading up the investigation … Read More

Five podcasts for P2P lending enthusiasts

July 22, 2019 |

PODCASTS have become one of the nation’s favourite sources of information and entertainment. According to Ofcom, almost six million Brits tune into a podcast every week – double the number of five years ago. And a few finance podcasts have … Read More

Zopa reveals UK’s favourite summer spends

July 19, 2019 |

ZOPA has revealed the top 20 treats that Brits spend their money on during the summertime, and the top scoring treat is…..chocolate.

According to Zopa’s Ice Cream Index, buying a bar of chocolate makes Britons happiest relative to price, while … Read More

82pc of UK workers seek costly credit between paydays

July 11, 2019 |

A NEW report has found that workers in the UK are financially worse off than they were in 2018, with more than eight in 10 using high-cost credit to see them through to payday.

According to new research by Hastee … Read More

Zopa survey finds Brits are more open about bank balance than Netflix password

July 10, 2019 |

ZOPA research has found that Brits are more likely to share information about their finances with their partner than their Netflix password.

A survey of 2,000 adults by the peer-to-peer lender found that 47 per cent of respondents felt more comfortable revealing … Read More

Assetz strengthens security with designated bank accounts feature

July 1, 2019 |

ASSETZ Capital has bolstered its security measures with a new designated bank accounts feature.

The peer-to-peer business lender told its customers that the new functionality will come into effect on 3 July, enhancing security when moving funds on or … Read More

Consumer credit growth hits a five-year low

July 1, 2019 |

CONSUMER credit growth hit a five-year low during May, Bank of England data shows.

Figures from the Bank show consumer credit borrowing grew by 5.6 per cent in May 2019, the weakest rate this year and the slowest since April … Read More