According to research from the Financial Conduct Authority, two-thirds of outstanding lending as of November 2016 was to consumers with credit scores in the top 30%; this shows little difference from two years prior as unsecured consumer lending grew at double-digit rates in 2016 and 2017; however data showed that borrowers are staying in debt longer. Source
The long awaited changes to P2P lending regulations in the UK are finally here. Today, the Financial Conduct Authority (FCA)...
The UK’s financial watchdog, the Financial Conduct Authority, issued a warning to investors regarding initial coin offerings (ICOs); in particular they warned of the “high risk, speculative” nature of the new capital raising method; financial regulators worldwide have begun cracking down on ICOs in recent months, China has banned them and the SEC in the US issued a similar warning as the UK. Source
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of promised returns from p2p lenders in the UK...
The collapse of property lending platform Lendy in the UK has investors concerned about their £165 million of money invested...
ParentPay is an online payments service in the UK that is used by more than 5 million families and 13,000...
The UK’s Financial Conduct Authority (FCA) has set up an asset management startup hub to help companies as they move between pre-authorization and authorization; the hub will help new entrants to better understand regulations, increase engagement and help to increase the quality of companies. Source.
The Financial Conduct Authority (FCA) has released their annual Sector Views report; it warned of high-risk retail investments, calling out...
UK based financial services companies saw a significant rise in cyber attacks in 2018, the industry as a whole saw...
The Financial Conduct Authority released firm-specific complaint data for the second half of 2019 which showed that challenger banks hold...