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Peer2Peer Finance News | August 16, 2017

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p2p regulation

Playing by the rules

August 4, 2017 |

The peer-to-peer lending industry is waiting with baited breath for the reg­ulator’s full report from its review into the sector. Will its outcome herald a new era for P2P, or just new hurdles to overcome?

It is often said that … Read More

The road to regulatory approval

August 1, 2017 |

Keith Maner (pictured), compliance and technical manager at compliance specialists Thistle Initiatives, delves into the key issues surrounding Financial Conduct Authority authorisation for peer-to-peer lenders

Peer-to-peer lending is one of a number of regulated consumer credit activities requiring firms to … Read More

Wellesley puts P2P product on “pause” and boosts transparency

May 26, 2017 |

WELLESLEY & Co is putting its peer-to-peer lending activities on “pause” and has published details of its loan book for the first time, as it works towards gaining full authorisation from the Financial Conduct Authority (FCA).

From 31 May, the … Read More

Funding Circle gains FCA approval

May 24, 2017 |

FUNDING Circle has become fully authorised by the Financial Conduct Authority (FCA), paving the way for the launch of its Innovative Finance ISA (IFISA).

The platform, which became the UK’s largest peer-to-peer lender in terms of cumulative lending after surpassing … Read More

The evolving regulatory framework

May 16, 2017 |

Peter Wilson, senior associate in the financial services regulatory group at law firm Taylor Wessing, explains why the Financial Conduct Authority’s scrutiny is good for the sector

The global economy is still rehabilitating following the financial crisis. … Read More

RateSetter buys former wholesale lending partners

May 2, 2017 |

RATESETTER has fully acquired two former wholesale lending partners and bought a stake in another, meaning it can still lend to the firms’ customers without flouting the City watchdog’s rules.

The Financial Conduct Authority recently confirmed that it was unhappy … Read More

CEO of P2P lender blames “unwelcome developments” for IFISA delays

April 27, 2017 |

THE FOUNDER and chief executive of JustUs has said that the peer-to-peer lender’s Innovative Finance ISA (IFISA) is on track to launch in the third quarter, but claimed that the influx of institutional money into the sector has contributed to … Read More

Social P2P venture hindered by wholesale crackdown

April 18, 2017 |

THE FOUNDER of ThinCats has said that the regulator’s clampdown on wholesale lending will affect projects that can be funded through his social peer-to-peer lending platform Community Chest.

Kevin Caley (pictured) launched the social enterprise last year and it funded its … Read More

FundingSecure gains FCA approval

March 31, 2017 |

FUNDINGSECURE has gained full authorisation from the Financial Conduct Authority and is hoping to offer an Innovative Finance ISA within the next two months.

The peer-to-peer pawnbroking platform, which originates asset-backed loans, said in an email on Friday that … Read More

MoneyThing gains FCA approval after tweaking business model

March 24, 2017 |

MONEYTHING has gained full authorisation from the City regulator after tweaking its business model, paving the way for the launch of its Innovative Finance ISA (IFISA).

“This is a significant milestone for our business and the result of just over … Read More