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Peer2Peer Finance News | November 14, 2018

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Stephen Barclay

New rules clarify P2P business borrowers are not deposit takers

December 22, 2017 |

THE GOVERNMENT has clarified that a business does not need a banking licence to borrow through a peer-to-peer lending platform, in a move that is understood to underline its support for the industry.

In an announcement titled ‘protecting the future … Read More

Government to open £2m rental payment data challenge in the new year

December 6, 2017 |

A GOVERNMENT challenge offering a £2m prize for developing a solution for rental payment history to be recognised in credit scores will open in January, the Treasury has confirmed.

The competition, dubbed the Rent Recognition Challenge, was first mentioned in last … Read More

Funding Circle joins Women in Finance Charter

November 10, 2017 |

FUNDING Circle is among the latest round of firms to have signed the Treasury’s Women in Finance Charter, which aims to tackle gender inequality in senior roles.

The Treasury announced on Friday that a further 26 companies have signed up … Read More

Treasury seeks creditors’ views on solution to problem debt

October 24, 2017 |

THE GOVERNMENT is seeking views from creditors and debt advisors as it plans to provide indebted individuals with a six-week ‘breathing space’ from their bills.

This period would give people time to seek financial advice on how to manage their … Read More

3pc of SMEs obtained finance under bank referral scheme

August 11, 2017 |

LESS than three per cent of small businesses referred to alternative lenders via the bank referral scheme have obtained finance, according to the first-ever statistics on the initiative released by the Treasury.

230 small- and medium-sized enterprises (SMEs) have collectively … Read More

New rules will spark fintech innovation claims Treasury

July 19, 2017 |

NEW LAWS coming into force in January will give consumers greater control over their bank data, the Treasury has announced.

A new regulatory regime is to be introduced for fintech firms, which the government says will allow users to manage … Read More