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Peer2Peer Finance News | October 20, 2017

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Financial Conduct Authority

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

RateSetter plans to launch IFISA this tax year

October 18, 2017 |

RATESETTER has said it plans to apply to HMRC for ISA manager status and launch its Innovative Finance ISA (IFISA) before the end of the current tax year.

The peer-to-peer lender, which announced on Tuesday that it had gained full … Read More

RateSetter gains full FCA authorisation

October 17, 2017 |

RATESETTER has become the last of the big three peer-to-peer lenders to gain full authorisation from the City regulator.

Chief executive and founder Rhydian Lewis said that they had “learnt a lot” during the process and had made the business … Read More

Exclusive: Christine Farnish on the changing role of the P2PFA

October 13, 2017 |

Christine Farnish (pictured), the chair of the P2PFA, talks exclusively to Peer2Peer Finance News about upcoming rule changes, the FCA, and why RateSetter really left…

There are changes ahead for the Peer-to-Peer Finance Association (P2PFA). The self-regulated trade body has … 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

Fintech a priority for European Commission in supervision reforms

September 21, 2017 |

THE EUROPEAN Commission has promised to “prioritise fintech” in its proposals to revamp its financial supervision strategy.

According to the Commission, the reforms will lead to further financial integration and a full Capital Markets Union, promoting jobs, growth and investments … Read More

Property Pact launches P2P loans for mortgage deposits

September 6, 2017 |

A NEW peer-to-peer platform offering to fund mortgage deposits for homebuyers will have its first borrowers live on the platform in the next two weeks.

Property Pact has been set up by former mortgage broker and developer Errol Woodhouse.

He … Read More

Assetz Capital gains full FCA authorisation

September 5, 2017 |

ASSETZ Capital is preparing its Innovative Finance ISA (IFISA) for launch after becoming the latest peer-to-peer platform to receive full authorisation from the Financial Conduct Authority.

The secured business and property P2P platform said it would now aim to launch … Read More

Funding Circle receives ISA manager status

August 25, 2017 |

FUNDING Circle has received ISA manager status from the HMRC, Peer2Peer Finance News can reveal.

Approval was granted in July, less than two months after the platform won full FCA authorisation.

However, the platform has no immediate plans to launch … Read More