bugs4me
Member of DD Central
Posts: 1,843
Likes: 1,470
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Post by bugs4me on Feb 26, 2014 22:48:15 GMT
When the FCA get involved and if, sorry IF they take an active interest in P2P companies (apart from lightening their wallets for the fees), then it will definitely be on the borrower side. I would suspect that our illustrious regulators won't have any interest in lenders. Remember, we are lenders/investors and not savers.
So it is up to individual lenders to monitor their own involvement and check, double check or in my case triple check stuff before making any commitment.
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Post by yorkshireman on Mar 10, 2014 17:47:44 GMT
What’s in a name? Investor, lender, saver, the financial “industry” shafts you whatever you call yourself.
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Post by oldnick on Mar 10, 2014 18:01:03 GMT
What’s in a name? Investor, lender, saver, the financial “industry” shafts you whatever you call yourself.
Mod hat on. Sorry to take you to task over your use of words, but surely it's "services", not "industry".
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Post by yorkshireman on Mar 10, 2014 19:11:12 GMT
What’s in a name? Investor, lender, saver, the financial “industry” shafts you whatever you call yourself.
Mod hat on. Sorry to take you to task over your use of words, but surely it's "services", not "industry". You’re quite right, however, financial writers and the press often refer to it as the financial services “industry” which is a description I have never subscribed to although it is skilled in spinning a yarn but then that is an insult to my trade. (That’s not a joke or pun by the way!)
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