Death of Quickquid: Does the Financial Services Sector Need More P2P Loan Options?

Posted on: Fri, 01/11/2019 - 09:29

QuickQuid, the largest payday lender in the UK, has revealed its closure. American homeowners Enova said regulatory uncertainty was the main reason for their decision. While the UK payday loan market...

As QuickQuid collapses, is it all over for payday lenders?

Posted on: Mon, 28/10/2019 - 09:21

“Yes! Glorious. Another one down, many more to go!” I t’s fair to say that the reaction to the closure of payday lending firm QuickQuid has been nothing short of rapturous, hailed by jubilant...

Quickquid collapse: Complaints against payday lender 'unlikely' to be progressed

Posted on: Mon, 28/10/2019 - 09:17

Quickquid became the UK’s largest remaining payday lender after Wonga became insolvent following compensation claims and regulatory pressure The 5,500 complaints against Quickquid are unlikely to...

Gewolb: Peer-to-peer failings are a national disaster

Posted on: Fri, 25/10/2019 - 09:20

The failings of peer-to-peer platforms should be seen as nothing short of a “national disaster”, according to Dr Roger Gewolb, executive chairman and founder of FairMoney.com. The founder of the...

Will Boris Johnson get his Brexit deal through Parliament? Live market reaction

Posted on: Fri, 18/10/2019 - 12:06

There was mixed reaction in U.K. markets to news that British Prime Minister Boris Johnson and Jean-Claude Juncker, president of the European Commission, have agreed a Brexit deal. Johnson needs to...

How To Be Mindful With Money

Posted on: Thu, 17/10/2019 - 16:33

Financial Conduct Authority takes wind out of peer-to-peer lending’s sails

Posted on: Mon, 07/10/2019 - 13:10

The City regulator has threatened a tougher approach to lending platforms if the industry does not clean up its act The withering tone of a recent seven-page letter from the City regulator to bosses...

1 in 5 Samaritans calls due to 'extreme financial distress'

Posted on: Tue, 01/10/2019 - 11:31

One-in-five calls made to the Samaritans concerns ‘extreme financial distress’. The work the Samaritans do and the sort of calls their listeners receive makes their statistic a scary one. Personal...

FCA warning on peer-to-peer lending

Posted on: Tue, 01/10/2019 - 11:25

Just days after Times Money warned about this novel form of investing, the Financial Conduct Authority threatens to act Campaigners are warning of potential disaster for people who have put money...