In January 2020, the GBP Peer to Peer lending sector was relativity quiet with no major announcements or platform news. Not so for the Euro lending platforms with no less than two of them going out of business and being labeled as “scams”. I’m not so sure I agree 100% with that notion as ..
Huge changes happening with Peer to Peer platforms this month. Most of my biggest lending accounts (Assetz Capital, Lending Works, RateSetter) all reducing rates of return preceding the implementation of the new FCA lending rules coming on December 9th
Lot’s of exiting happenings with Peer to Peer platforms this month, including the Funding Secure collapse, and Funding Circle selling loans.