Understanding risk is fundamental to the health of the alternative finance. Providers must make sure that not only is risk visible and highlighted, but – so far as possible – that investors are fully acquainted with the risk warnings that must come as part of the investment process. At Money&Co. we facilitate loan funding for […]
Some 65 peer-to-peer lending platforms have received a letter from the Financial Conduct Authority (FCA) warning them to “act now” to clean up poor practice or face a “strong and rapid” crackdown, The Times reports. For clarity, Money&Co. had a routine and welcome two-day visit from the FCA in early summer. We have not changed our business […]
The Financial Conduct Authority (FCA) has launched a market study on the credit information sector. The idea is to analyse how the sector bestows the favour of credit on borrowers (and it is bestowed like a favour in many cases). This brings to mind Money&Co.’s own credit analysis. We have facilitated loans of around £18 […]
The UK’s financial watchdog, the Financial Conduct Authority, has published a review of the crowdfunding industry and concluded that tighter regulation was needed for peer-to-peer (P2P) lending. Having read the latest materials, we heartily agree. The FCA states [it has] “observed the variety of loan-based crowdfunding business models, some of which have become increasingly complex. […]
We have a question for you: How are we doing? Specifically, how are we doing at explaining the risks inherent in peer-to-peer (P2P) business lending? The flip side of this coin – the potential benefits of lending – are clear. By bringing individuals looking for good returns on capital together with carefully vetted small businesses […]
David Prosser, formerly of The Independent, blogs in Forbes on the Financial Current Authority’s (FCA) current review of peer-to-peer lending. David’s views are always worth listening to, and this article is no exception: “Does Britain’s booming crowdfunding industry really have a problem with investor protection? The unveiling by the Financial Conduct Authority (FCA) of a […]
There’s a lot going on, we’re pleased to report. Money&Co.’s latest loan offering is 99 per cent funded as this article is being written. This A-rated loan of over £455,000 has four more days of auction to run. The borrower is an independent adviser looking to use the funds to expand. The offering has a […]
The Financial Conduct Authority (FCA) produced a review of crowdfunding rules last Friday. Below, Jamie Telkman of our credit-analysis team summarises the relevant points from the FCA’s review. The FCA is soliciting the reaction of Money&Co. and other leading crowdfunding platforms to its review. We actively encourage our registered users and lenders to respond to […]