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Peer2Peer Finance News | June 20, 2018

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P2PFA

P2PFA accused of reducing transparency after loanbook changes

June 20, 2018 |

THE PEER-TO-PEER Finance Association (P2PFA) has been accused of reducing transparency and hindering efforts to enhance investor protection after changing the rules governing how firms publish their loanbook.

Previously, members of the self-regulated trade body were obliged to publish their … Read More

Recent board appointments highlight gender inequality in P2P

June 18, 2018 |

TWO recent appointments have highlighted the lack of gender diversity in the UK’s peer-to-peer sector, where women still occupy a minority of roles.

In May, Funding Circle named former O2 and Tesco Mobile executive Cath Keers as its first female … Read More

Funding Circle scraps downloadable loanbook

June 7, 2018 |

FUNDING Circle has withdrawn its downloadable loanbook and stopped publishing loan performance data on a daily basis.

The peer-to-peer business lender announced on Thursday that it has launched a new statistics page which will be updated every three months.

The … Read More

Revealed! The fastest growing P2P platforms for new lending and borrowers

April 24, 2018 |

THE UK’S biggest P2P platforms are helping push lending in the sector beyond £9bn, but where is the actual growth coming from?

Data from the industry’s trade body the Peer-to-Peer Finance Association (P2PFA), released last week, showed its eight members … Read More

P2P lending set to pass £9bn milestone

April 19, 2018 |

LENDING at the UK’s largest peer-to-peer finance platforms is fast approaching £9bn.

Data from the industry’s trade body the Peer-to-Peer Finance Association (P2PFA), released on Thursday, showed its eight members – Crowdstacker, Folk2Folk, Funding Circle, Landbay, LendingWorks, MarketInvoice, ThinCats and … Read More

Invoice finance: The business lifeline

April 10, 2018 |

IT’S NO secret that cashflow is an issue for many small businesses in the UK, which has led to the growth of a booming invoice finance market. According to trade body UK Finance, invoice finance hit £18.9bn in the third … Read More

Crowdstacker joins the Peer-to-Peer Finance Association

January 11, 2018 |

CROWDSTACKER has joined the Peer-to-Peer Finance Association (P2PFA), becoming the self-regulated trade body’s eighth member.

The business lending P2P platform will be represented by chief executive Karteek Patel (pictured).

“The P2PFA plays an increasingly important role as our industry expands … Read More

P2PFA adds stress testing member requirement to operating principles

December 7, 2017 |

PEER-TO-PEER Finance Association (P2PFA) members will need to stress test their loan portfolios from next April under new rules published by the self-regulatory body.

The P2PFA, which counts peer-to-peer heavyweights Funding Circle and Zopa among its seven members, has unveiled … Read More

P2P lenders are not to blame for debt crisis

November 8, 2017 |

THE UK’S ongoing consumer debt crisis is not the fault of alternative lenders, according to the ex-regulator at the head of the Peer-to-Peer Finance Association (P2PFA).

Speaking exclusively to Peer2Peer Finance News, P2PFA chair Christine Farnish (pictured) said that it … Read More

P2PFA signs up Quantuma to associate membership

October 26, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) has announced that insolvency practitioner Quantuma has joined as an associate member.

Quantuma, a corporate recovery and business advisory firm, already works with peer-to-peer lending platforms to help manage borrower defaults and improve collection and recovery … Read More