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Peer2Peer Finance News | November 23, 2017

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overdrafts

FCA extends credit assessment rules for P2P platforms

July 31, 2017 |

THE FINANCIAL Conduct Authority (FCA) is proposing widening the scope of affordability assessments for peer-to-peer platforms as part of a wider review of the high-cost credit sector.

A consultation released by the City watchdog on Monday morning said there was … Read More

Greg Carter resumes CEO role at Growth Street

April 3, 2017 |

SMALL business finance peer-to-peer platform Growth Street has replaced James Sherwin-Smith as chief executive with the company’s original founder.

Greg Carter (pictured) will resume the top role at the platform he founded in 2014. The firm started life as a … Read More

SMEs ditching overdrafts for asset based lending

March 27, 2017 |

ASSET-BASED finance is increasingly taking market share from bank overdrafts as a key source of funding for small- and medium-sized enterprises (SMEs), research claims.

Analysis by trade body the Asset Based Finance Association (ABFA) found during 2016 an average £9.5bn … Read More