rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
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Post by rocky1 on Mar 4, 2019 13:21:00 GMT
I asked for a breakdown to be included in the latest updates surely they know who had what.if this is going to be the norm now for the rest of this disgraceful loan book we are going to be well and truly shafted.ERT receivers administrators external recoveries and lendy all after a slice of over 100 million of lenders money.well done again Liam/lendy.does the FCA condone the way that lendy are operating because the whole lot of stinks.
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Post by p2plender on Mar 4, 2019 14:38:54 GMT
The FCA should have been all over this company a long time ago in my opinion. Seems any old Tom, Dick or Harry can come along set up a p2p business in a total disregard for investor's money. Laughable when they were given full FCA accreditation, about the time the floodgates of defaults started. How on earth this facade continues is anyone's guess. This may well go on for years if they're collecting juicy (non) recovery fees.
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Post by charliebrown on Mar 5, 2019 12:16:01 GMT
The FCA should have been all over this company a long time ago in my opinion. Seems any old Tom, Dick or Harry can come along set up a p2p business in a total disregard for investor's money. Laughable when they were given full FCA accreditation, about the time the floodgates of defaults started. How on earth this facade continues is anyone's guess. This may well go on for years if they're collecting juicy (non) recovery fees. I believe the FCA just ticks boxes. Do you segregate investor funds from your own funds. Check. Do you have Administrators on retention to recover investor funds in the event of insolvency. Check. As long as you check the boxes you’re in and acredited. The fact that Lendy has abysmal performance as an investment, utter contempt for investors and has made more money disappear than Ronnie Biggs is of no concern of the FCA. I think we assume they’re there to protect us but they’re not.
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