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Peer2Peer Finance News | July 19, 2018

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P2P default

RateSetter fills top risk role with ex-GE Capital Bank’s Joanna Wright

May 22, 2017 |

RATESETTER has appointed Joanna Wright (pictured below) as chief risk officer, as part of the peer-to-peer lending platform’s recent strive to boost its risk management and reporting efficiency.

Wright joins from GE Capital Bank, where she headed a team of … Read More

Lendy unveils loan default numbers

May 12, 2017 |

LENDY has published data on arrears showing that no investor has ever lost money on the platform to date, despite over half of the 98 closed loans having been repaid after the deadline and about 15 per cent having resulted in late interest … Read More

Industry urges for standard default definition

April 6, 2017 |

Peer-to-peer lenders are backing calls for a standardised definition of defaults in the sector.

Although actual default rates are low, the definition of when a loan has failed is not consistent across all platforms, making it harder for investors to … Read More

FCA seeks views on whether to extend compensation scheme to P2P

December 15, 2016 |

THE FINANCIAL Conduct Authority (FCA) is seeking views on whether peer-to-peer lending should be covered by the UK’s £3.5bn financial compensation fund.

The Financial Services Compensation Scheme (FSCS) protects consumers when financial services firms fail. It covers savings in … Read More