Tagged: peer to peer finance association

Changing of the Guard: Paul Smee Appointed New Chair of the P2PFA as Christine Farnish Steps Down

The UK Peer to Peer Finance Association (P2PFA) has announced that Paul Smee has been appointed as new Chair of the organization. Smee replaces longtime Chair Christine Farnish who is stepping down after a five-year term. The P2PFA said the transition comes at a time when… Read More

Peer-to-Peer Lender Crowdstacker Joins P2PFA

The Peer-to-Peer Finance Association (P2PFA) announced on Thursday it has welcomed peer-to-peer lender Crowdstacker. According to the organization, the online lending platform concentrates on a select few established businesses looking to secure over £1 million, appealing to businesses seeking to diversify their existing funding strategies. While… Read More

UK P2PFA: Peer to Peer Lending Exhibits Steady Growth in Q3 2017

The UK Peer to Peer Finance Association (P2PFA) has published their quarterly numbers on sector growth for the third quarter of 2017. Covering the period between July and September 2017,  the P2PFA says the numbers confirm continued steady growth in levels of new lending and… Read More

RateSetter Withdraws From the UK Peer to Peer Finance Association [u]

On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More

Dear Mr. Bailey, “The Peer-to-Peer Lending Sector Has Embraced a Level of Transparency Which is Unrivaled in Financial Services”

The UK Peer to Peer Finance Association has released a letter addressed to Andrew Bailey, Chief Executive of the FCA, buttressing their position regarding the recent dialogue with the House of Commons’ Treasury Select Committee. This past June, Andrew Tyrie, MP, Chairman of the Committee,… Read More

UK P2PFA: FCA Regulatory Review is an Opportunity to Ensure Protection, Innovation & Competition

The UK Peer to Peer Finance Association (P2PFA) has released a comment on the forthcoming review of crowdfunding rules by the Financial Conduct Authority (FCA). The P2PFA called the post-implementation review of crowdfunding rules an opportunity to ensure an appropriate balance of regulation protecting investors… Read More

UK P2P Industry Lent £2.2 Billion in 2015

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

Sam Hodges, Co-Founder of Funding Circle, Talks Small Business Borrowers’ Bill of Rights

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

UK Tax Authority HM Revenue and Customs Opens Up ISAs To P2P Investment Trusts

HM Revenue and Customs (HMRC), the UK tax authority, will allow savers to hold peer-to-peer lending investment trusts in their Individual Savings Accounts (ISA), according to CityWire Money. The change will take effect July 1–in about two weeks. The move is part of the government’s alternative… Read More

No ‘Cherry-picking,’ Says The UK’s Peer-to-Peer Finance Association

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… Read More

Chancellor George Osborne Calls UK the “Comeback Country” as He Touts FinTech, Innovation & More

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

UK Thought Leader Sam Ridler, Executive Director of Peer-to-Peer Finance Association, Delivers Answers, Challenges & Inspires

In late November  The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest study to date on crowdfunding, peer-to-peer lending and other forms… Read More

UK Peer to Peer Finance Association Creates New European Associate Membership

The Peer to Peer Finance Association (P2PFA) has created a new type of membership targeting the wider audience of Europe. The “Associate European Member” is available for P2P lending applicants  within the European Economic Area. Accepted members will receive certain benefits, specifically; A bi-monthly e-newsletter… Read More

Landbay, a P2P Property Lending Platform, Joins P2PFA

UK based Landbay has joined the Peer to Peer Finance Association (P2PFA) becoming the latest member to adhere by the standards set by the advocacy group.  Landbay has targeted a segment of the real estate sector by lending against occupied housing.  The peer lender has differentiated… Read More

UK P2PFA Comments on Peer to Peer Lending Inclusion in ISAs

The Peer 2 Peer Finance Association (P2PFA), an industry advocate group for UK P2P platforms, has jumped into the scrum regarding the forthcoming inclusion of P2P lending assets in Individual Savings Accounts (ISAs).  Chancellor of the  Exchequer George Osborne announced earlier this year that ISAs… Read More

UK P2PFA: Peer to Peer Lending Goes to Over £1 Billion in 2014

The Peer to Peer Finance Association (P2PFA) in the UK have just published the data for the first 6 months of 2014 showing impressive growth in the P2P lending industry.  The rate of flow of funds through p2p platforms has doubled over the last 6… Read More

UK Peer-to-Peer Finance Association: What They Do (Deck)

The UK Peer to Peer Finance Association (UKP2P) is the self regulatory body behind the booming peer to peer industry in the UK.  Last year the association’s members experienced a growth rate of 121%.   The major industry participants have set about to create some… Read More

UK P2P Association Welcomes FCA Regulatory Approach

The Peer-to-Peer Finance Association (P2PFA) has welcomed the Financial Conduct Authority‘s (FCA)  regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media. In April, peer to peer lending will become fully regulated by the FCA. This is welcomed… Read More

Madiston LendLoanInvest Enters P2P Lending Industry

According to Madiston LendLoanInvest, UK borrowers waste thousands by choosing inflexible loan providers who force them in to lengthy terms and higher rates. Lenders may also miss a trick if they don’t have the flexibility to set and secure their own acceptable rates for loans… Read More