P2P Money Blog

Lendy have announced that they have obtained full authorisation from the FCA.  This was confirmed in an email sent to lenders Liam Brooke, CEO, Lendy Ltd. I?m pleased to announce that today we?ve been granted full authorisation from the UK regulator,… more »

The administrators BDO who are running Collateral since the court appointed them on 28th April 2018 have updated their frequently asked questions on their website. This does not make good reading for lenders. Have borrowers continued to service the… more »

An email was sent by the new administrators of Collateral yesterday confirming what we already know from the recent court case where the FCA challenged the appointment of the previous administrator.  The email confirms BDO LLP are the new administrators… more »

The FCA have won in court and the administrators appointed by Collateral to run the business have been replaced by BDO LLP.  Collateral was originally placed in administration on 28th February.  A statement has been published on the BDO website confirmi… more »

The Financial Conduct Authority have published a press release detailing their involvement with Collateral in Administration.  The FCA confirmed that they should have been consulted and were required to give approval when an administrator is appointed. … more »