New Peer to Peer Lending and Crowdfunding Rules after Lender goes Bust Leaving Thousands of Investors Out of Pocket

Following the collapse of Peer-to-Peer lender, Lendy, the government is imposing tight new rules on the industry in order to better regulate the market and protect investors.

In the last few years, new types of lending have given the traditional banking monopoly a bit of a run for its money. Crowdfunding and Peer-to-Peer lending are just two examples of models which have worked very well and raised billions for projects and borrowers whilst giving investors a return of up to 40 times they would have earned on a bank deposit. 

 

Check out this week’s episode of Money Tips.