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Peer2Peer Finance News | July 23, 2019

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FCA

Ablrate unveils platform plans ahead of regulatory reforms

July 23, 2019 |

ABLRATE investors can now ‘follow’ loans they are not invested in, as part of a range of changes unveiled by the asset-backed lender to prepare for incoming regulations.

Previously, customers only received updates on loans they had invested in, but … Read More

New concerns emerge about FCA regulation of Lendy

July 22, 2019 |

LENDY investors have backed calls for an independent probe into the regulation of the peer-to-peer property lending platform prior to its collapse.

The latest administrator’s report on Lendy showed that the Financial Conduct Authority (FCA) had given full authorisation to … Read More

Strong foundations

July 19, 2019 |

Property is an incredibly popular investment asset, but can it maintain its shine in the peer-to-peer lending sector after high-profile platform failures? Marc Shoffman reports 

PROPERTY IS ONE OF THE fastest growing facets of the peer-to-peer lending sector, drawing its … Read More

Money talks

July 18, 2019 |

2019 IS SHAPING UP TO become the year of the institutional investor. Over the past few months, hundreds of millions of pounds has flooded into UK-based peer-to-peer platforms from a variety of global institutions, all seeking to access the competitive … Read More

OBIE: Open Banking kick-starts innovation but needs improvement

July 17, 2019 |

OPEN Banking has kick-started an ecosystem of digital innovation even though implementation has not yet been completed, according to a new report from the Open Banking Implementation Entity (OBIE).

The report notes the firm foundations upon which Open Banking has … Read More

What will the appropriateness test actually look like?

July 17, 2019 |

IT’S OFFICIAL – the Financial Conduct Authority (FCA) will soon make it mandatory for all peer-to-peer platforms to introduce an “appropriateness test” for new investors.

The purpose of the test will be to weed out any unsuitable lenders, and any … Read More

Lendy collapse: Who’s to blame?

July 16, 2019 |

THE collapse of peer-to-peer platform Lendy has left investors unable to access their funds and raises questions over how the platform was managed and regulated.

So, where should blame lie for Lendy’s downfall and what steps could have been taken … Read More

What is P2P car finance?

July 15, 2019 |

PEER-TO-PEER car finance has been on the rise in recent years, but in a sector where investors are more used to investing in business or property loans, what can car finance loans do differently?

P2P car finance is a fast-growing … Read More

Could the 10pc rule bring £6.9bn into P2P sector each year?

July 11, 2019 |

WHEN the Financial Conduct Authority (FCA) rolled out a new raft of rules for the peer-to-peer lending sector, there was one requirement which received decidedly mixed reviews. In an effort to promote diversification and risk awareness, the regulator announced plans … 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