Category: Borrowing

Peer-to-peer lending is now regulated

April 1st, 2014
Peer-to-peer lending is now a regulated activity by the Financial Conduct Authority (the FCA).  The new regulations require P2P companies to maintain minimum capital requirements, but there is no coverage by the Financial Services Compensation Scheme (F… more »

Encash (YES-secure) to close

March 20th, 2014
Encash (YES-secure) has confirmed today that it is to close.  This is not unexpected as the company had not made any loans in 2014 and only made three in 2013. We are writing to advise you that has decided to stop its Peer to Peer lend… more »

How will the FCA regulation affect the investor?

March 20th, 2014
Welcome to first post written by Tom Hayward from FundingKnight, a peer to business lender who arrange crowdlending for businesses. It’s been common knowledge for some time now that the crowdfunding industry is soon to become regulated.  We look at how… more »

Peer-to-peer lending in an ISA

March 20th, 2014
P2P Money
The P2P money website broke the news yesterday on Twitter that peer-to-peer lending was to be included in an ISA. "Thelist of qualifying investments of ISAs will be extended to include peer-to-peer loans" #p2plending #Budget2014 pic.twitter.c… more »

FCA publishes rules for P2P lending

March 6th, 2014
Today the FCA (Financial Conduct Authority) have published the policy statement "The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media".  The response was as we had expecte… more »