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Peer2Peer Finance News | January 23, 2019

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Financial Conduct Authority

FCA sounds warning on P2P promotions

January 10, 2019 |

THE FINANCIAL Conduct Authority (FCA) has signalled it may be concerned about inappropriate sales tactics in peer-to-peer lending.

The City watchdog’s 2019 sector review – which gives an indication of its business focus over the year – included P2P lending … Read More

Food producer funding platform eyes P2P partners

January 9, 2019 |

A FOOD producer funding platform has expressed interest in partnering with peer-to-peer lending platforms as it looks to scale up the business.

PrimeStox, founded by mining and metals analyst Joseph Cherrez and horticulturist Jenny Louw, lets retail investors support food … Read More

Prodigy targets £400m of originations in 2019

January 3, 2019 |

PRODIGY Finance is targeting $500m (£400m) of loan originations next year, as it looks to diversify its funding sources.

The peer-to-peer lender specialises in offering student loans to people studying outside of their home country, with students typically coming from … Read More

City watchdog delays credit information market study launch

November 28, 2018 |

THE CITY regulator has pushed back the launch of its credit information market study until June 2019.

The Financial Conduct Authority (FCA) had invited views on firms’ access to, and use of, credit information provided by credit reference agencies, as … Read More

Downing extends bond size after prospectus rule change

November 12, 2018 |

CROWD bond platform Downing Crowd has taken advantage of the new higher prospectus limit to extend the size of its most popular bond.

EU prospectus rules mandated companies to issue a prospectus for debt- or equity-based crowdfunding worth more than €5m (£4.4m) and … Read More

FCA director calls for culture change among consumer lenders

November 2, 2018 |

CONSUMER lenders must create a healthy culture for both employees and borrowers, a director at the City watchdog has said.

Speaking at Consumer Credit Trade Association Conference in Nottingham, Jonathan Davidson (pictured), director of supervision – retail and authorisations at … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Abundance launches tidal power project amid calls for more green finance

October 16, 2018 |

ABUNDANCE has launched a campaign to fund the world’s most powerful floating tidal turbine platform, one day after financial regulators called for more industry action to fight climate change.

The ethical P2P lender is offering a 30-month secured debenture in Orbital … Read More

FCA sounds redress warning over high cost credit

October 15, 2018 |

BOSSES at payday lenders have been warned to assess their lending activity amid concerns from the City watchdog about rising complaints.

The Financial Conduct Authority has written a “Dear CEO” letter to platforms providing high-cost short-term credit – which includes some … Read More

FCA names Sheldon Mills as director of competition

September 5, 2018 |

THE CITY watchdog has strengthened its oversight of competition in financial services with the appointment of Sheldon Mills.

Mills, who is currently senior director of mergers and state aid at the Competition and Markets Authority (CMA), will become director of competition at … Read More