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Peer2Peer Finance News | June 18, 2018

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Andrew Bailey

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 regulation “largest” challenge FCA has faced

February 27, 2018 |

THE FINANCIAL Conduct Authority (FCA) has urged consumer credit firms to ensure their lending is “affordable and sustainable” as its boss described taking over regulation of the sector as the City watchdog’s biggest challenge to date.

Andrew Bailey (pictured), chief … Read More

FCA consults on widening SME access to Ombudsman

January 22, 2018 |

CITY watchdog the Financial Conduct Authority (FCA) has launched a consultation on whether to give more small firms access to the Financial Ombudsman, making it easier for them to resolve disputes without going to court.

The Financial Ombudsman … Read More

Charles Randell named FCA chair

January 5, 2018 |

A FORMER lawyer who advised the government in the bailouts of Northern Rock, Royal Bank of Scotland and Lloyds has been appointed as the next chairman of the Financial Conduct Authority (FCA).

Charles Randell CBE (pictured) will take the role … Read More

FCA uses P2P as example of balancing competition and innovation

December 11, 2017 |

THE FINANCIAL Conduct Authority (FCA) has cited its regulation of peer-to-peer lending as an example of its approach to balancing competition and innovation.

The City watchdog has launched two consultation documents to seek views on how well its approach to … Read More

Fintech ‘must not lessen consumer protection’

November 6, 2017 |

FINTECH is creating more efficient ways of borrowing and investing, but this must not be at the expense of consumer protection, the Financial Conduct Authority (FCA) has suggested.

The comments form part of the City regulator’s ‘Mission’, a series of … Read More

FCA identifies low P2P usage but fewer signs of consumer vulnerability

October 18, 2017 |

JUST 1.4 per cent of the adult population are using peer-to-peer lending or crowdfunding but the product has among the proportionally lowest levels of financially vulnerable customers, figures from the Financial Conduct Authority (FCA) suggest.

The data is revealed in … Read More

FCA chief outlines consumer credit concerns

October 4, 2017 |

THE HEAD of the City regulator has re-iterated his concerns about the risks that the rapidly growing personal debt market poses to consumers.

Andrew Bailey (pictured), chief executive of the Financial Conduct Authority, said in a speech at Mansion House … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Consumer credit firms “less satisfied” with regulator

August 4, 2017 |

CONSUMER credit firms have a lower awareness of the objectives of the Financial Conduct Authority compared with other regulated businesses.

An annual survey on perception of the regulator, compiled by the City watchdog, found 71 per cent of consumer credit … Read More