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Peer2Peer Finance News | August 22, 2017

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P2PFA

RateSetter withdraws from P2PFA after breaching transparency rules

August 18, 2017 |

RATESETTER has said that it is leaving the Peer-to-Peer Finance Association (P2PFA) after breaching the trade body’s rules.

“Membership requires adherence to the P2PFA Operating Principles including transparency,” said the ‘big three’ peer-to-peer lender in a blog post on its … Read More

Who will be the first £3bn P2P lender?

August 2, 2017 |

IT HAS been a busy quarter for the “big three” peer-to-peer lenders with Zopa, Funding Circle and RateSetter all reaching the £2bn lending milestone.

But who will be first to £3bn?

The latest quarterly loanbook figures from the Peer-to-Peer Finance … Read More

P2PFA reports growth in new lending as LendInvest departs

July 28, 2017 |

CUMULATIVE lending among the Peer-to-Peer Finance Association (P2PFA) members in the second quarter of 2017 fell slightly to £8.39bn, due to LendInvest’s departure from the trade body.

However, new lending among the members has still grown significantly year on year, … Read More

Taking the lead

July 6, 2017 |

Ex-regulator Christine Farnish isn’t scared of a little competition – in fact, she relishes it. The chair of the Peer-to-Peer Finance Association talks about risk, red tape and why this is such an exciting time for the peer-to-peer finance industry

Read More

P2PFA widens membership with eight new associates

July 4, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) has added eight members through the launch of its associate membership scheme.

The new members are not P2P lenders themselves, but they provide a range of support services to the sector. They include law firms … Read More

This time it’s personal: the state of consumer lending in P2P

June 14, 2017 |

Consumer lending is the essence of peer-to-peer finance, but low interest rates and warnings of a debt bubble have taken the gloss off the sector. Can personal loan-focused platforms continue to thrive in the current climate?

In the peer-to-peer industry, … Read More

P2PFA members lent out more than £1bn in first quarter

April 26, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) members – including new entrant Folk2Folk – lent out more than £1bn in the first quarter of 2017.

The nine P2P platforms – Zopa, RateSetter, Funding Circle, Landbay, LendInvest, Lending Works, MarketInvoice, ThinCats and Folk2Folk … Read More

How important is a P2P platform’s Twitter following?

April 24, 2017 |

TWITTER is often a go-to source to build a crowd and communicate directly with consumers but does a big following necessarily mean more business?

Of the Peer-to-Peer Finance Association (P2PFA) members, Funding Circle’s UK Twitter account has the largest number of … Read More

Landbay unveils its IFISA

February 20, 2017 |

LANDBAY has become the latest platform to launch its Innovative Finance ISA (IFISA), offering investors a rate of 3.75 per cent.

The buy-to-let peer-to-peer lender, which received ISA manager status in January, becomes the second Peer-to-Peer Finance Association member to launch … Read More

Folk2Folk joins the Peer-to-Peer Finance Association

February 16, 2017 |

FOLK2FOLK has become the latest platform to join the Peer-to-Peer Finance Association (P2PFA).

It takes the number of members in the trade body to nine.

The lender, which funds secured business loans online and through high street branches, joins Zopa, … Read More