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Post by eascogo on Mar 2, 2018 22:56:10 GMT
Just get yer VRs & LTVs right and you'll urinate it in Blend. 😉 (Sending from my mobile for first time so apologies for any bad formatting) 😨 Youre going to have to explain that one. Autocomplete feature should have been turned off.
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Post by trentenders on Mar 3, 2018 0:09:38 GMT
Question for the morning perhaps: How quickly can Resolution compliance terminate your AR status with them (worst case scenario please - can they cease with immediate effect for breach of duty/co tract, etc?)?
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KoR_Wraith
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Post by KoR_Wraith on Mar 3, 2018 7:55:11 GMT
Website is nice.
I'm not too keen on Northern Ireland at the moment given Brexit border uncertainty.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Mar 3, 2018 9:02:18 GMT
Question for the morning perhaps: How quickly can Resolution compliance terminate your AR status with them (worst case scenario please - can they cease with immediate effect for breach of duty/co tract, etc?)? It will be interesting to hear the answer to this one trentenders as we have 2 companies on the AR chain that the FCA could choose to take some form of action against if either breach rules. What "protection", in terms of how a platform is operating, under fca rules would apply to the ar platform if the FCA authorised platform was stopped from trading? Client money? Loan book? Etc.
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Post by Duane Dibley on Mar 3, 2018 10:43:45 GMT
"We launched in January 2018", is that a typo Blend? I invested with you last July 2017! Yours, OzBoy Me too Oz. So rather galling that us intrepid pioneers that helped get these guys get up on their feet get diddly squat, while these Johnny-come-latelies get a tasty little bonus. Maybe the moral of the story is to let others stick their fingers in the fire first and just sit back and see how hot it really is.
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SteveT
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Post by SteveT on Mar 3, 2018 10:55:22 GMT
Et moi
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hazellend
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Post by hazellend on Mar 3, 2018 14:03:38 GMT
All joking aside, anybody investing in Blend until paulv1960 is held to account is mad in my opinion.
Trust is the most important aspect of investing with any p2p company in the current environment.
I liked the look of Blend and their loans, but paulV1960's attempt at deception is a definite red flag for me.
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Post by BlendNetwork on Mar 7, 2018 15:19:17 GMT
About the FCA regulation, we are an Appointed Representative of RCL. That means all the FCA rules apply to us as if we were directly fully regulated (we could even apply to offer IFISA). RCL audit us regularly and ensure we are complying with the FCA rules. We have a living will, we use MangoPay as our e-money provider and lender funds are on a Barclays client account segregated from the platform. I believe being an AR is a good thing for lenders as you have an independent company auditing us on an ongoing basis on top of the FCA regulations.
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hazellend
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Post by hazellend on Mar 7, 2018 15:54:30 GMT
About the FCA regulation, we are an Appointed Representative of RCL. That means all the FCA rules apply to us as if we were directly fully regulated (we could even apply to offer IFISA). RCL audit us regularly and ensure we are complying with the FCA rules. We have a living will, we use MangoPay as our e-money provider and lender funds are on a Barclays client account segregated from the platform. I believe being an AR is a good thing for lenders as you have an independent company auditing us on an ongoing basis on top of the FCA regulations. What about paulv160 ‘s deceitful behaviour please. Who is he in the company?
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Post by BlendNetwork on Mar 7, 2018 16:39:57 GMT
About the FCA regulation, we are an Appointed Representative of RCL. That means all the FCA rules apply to us as if we were directly fully regulated (we could even apply to offer IFISA). RCL audit us regularly and ensure we are complying with the FCA rules. We have a living will, we use MangoPay as our e-money provider and lender funds are on a Barclays client account segregated from the platform. I believe being an AR is a good thing for lenders as you have an independent company auditing us on an ongoing basis on top of the FCA regulations. What about paulv160 ‘s deceitful behaviour please. Who is he in the company? Hi Hazellend, Please see the answer on this on the other group: Blend Network Launch. thanks
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Liz
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Post by Liz on Mar 7, 2018 19:59:20 GMT
Are these the guys that have several loans in default on TC? some of which I hold and cost me money!
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Greenwood2
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Post by Greenwood2 on Mar 7, 2018 20:16:31 GMT
Yes, and me.
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