We’re pleased to see an attempt to create what the UK government’s trade department hopes will be the digital “go-to destination for people working in the industry to get access to funding, knowledge, and talent”. Our friends at P2P Finance News record the launch of this digital hub. We can only hope this promotes clarity […]
Following last Friday’s News article looking at the forthcoming rule changes to regulation in the peer-to-peer (P2P) lending sector in which Money&co. operates, comes another question: Does FCA regulation make a difference? The jury, according to this article from P2P Finance News (excerpt below) is definitely out on this one. When Lendy collapsed last month, it was […]
There’s good and not-so-good in the recently announced rules from the Financial Conduct Authority on how the peer-to-peer (P2P) sector will do business. The rules come into effect in December. We’ll be commenting at greater length in our blog section shortly. Meanwhile, here’s a reprise of the major points from commentary site, Lend Academy. The […]
More, or less? After recent high-profile failures in the Peer-to-peer (P2P) lending sector, some commentators have been predicting a dark, diminished future for P2P. As regular readers might surmise, our view is “serve them right” for players who’ve gone for growth at the expense of quality (see this earlier News piece). The current uncertainty has […]
The latest tranche of the Seascape offering has just been released to market. The offer is for £250,000, with a fixed-rate yield of 8 per cent. The term of the loan is five years. Below we reproduce an extract of the borrowing company’s representations to lenders. While the offer has been subjected to our risk-analysis […]
The collapse of one of the better-known players in the peer-to-peer (P2P) lending sector should give everyone pause for thought. Below we post an extract from a sensible article by our friends at P2P Finance News. The writer finds three reasons for lenders to keep faith. We have an extra one of our own. The […]
Our friends at P2P Finance News bring news of expected changes to P2P regulation. We recently consulted with the Financial Conduct Authority holding a series of constructive and useful meetings. We look forward to the engagement between the FCA and the Tax Incentivised Savings Association (Tisa), which is well-run and has good people working for […]
As the latest loan offering on site moves to a close, we thought it opportune to remind lenders and visitors that there is a secondary market in Money&Co,’s peer-to-peer (P2P) loans. The loan market is the place where you can sell some or part of a loan that you already own. We charge 0.25% commission […]
The ritual danced between alternative finance and the mainstream continues. Our own peer-to-peer (P2P) lending sector is at the fore of this process. Here’s just one of many reports carried in News over the past five years. The latest news is carried by our friends at P2P Finance News, which looks at recent research indicating […]
The Oxford University Law Faculty looks at regulation in the light of what it calls a data-driven Big Bang. This paper examines initiatives in financial and trade reporting (MiFID II), data protection (GDPR) and open banking (PSD2) – all of which have Europe-wide effect. The argument runs that the collective effect of these separately designed […]