Archives for: October 2016

Insight into FCA requirements

October 27th, 2016
FCA
Yesterday I received an email from a peer-to-peer lending platform concerning some changes to their lending model.  The platform states that these changes have been requested by the FCA in order to make their lending model compliant with the relevant le… more »

Funding Empire suspends loans until FCA approval

October 27th, 2016
Funding Empire
Funding Empire has advised lenders that they will not be issuing any new loans until they have received full authorisation from the FCA which is expected in January 2017. Funding Empire have also been sold back to the founding team, who should a majorit… more »

Rebuildingsociety marketplace changes

October 24th, 2016
ReBuildingSociety
Rebuildingsociety.com are offering borrowers a 5% discount in return for additional security. We've been working hard to bring you good quality borrowing applications for you to consider. Currently businesses that are eligible to borrow through rebui… more »

Zopa reduce rates again

October 24th, 2016
Zopa
We reported back in September that following the Bank of England reduction in the base rate that Zopa would be dropping their rates by 0.2%.  Zopa have subsequently announed that they are reducing lending rates again by 0.2%. Here is the full email sen… more »

Crowdstacker Innovative Finance ISA

October 21st, 2016
Crowdstacker
Crowdstacker is one of the few peer-to-peer companies which has received full FCA authorisation, and as such is able to offer an Innovative Finance ISA.  They have published some data which suggests that 90% of customers opening an IF ISA are new to the… more »