If you are involved in the P2P Lending
industry or intend to be, then this study will provide you comprehensive outlook.
On the other hand, a total of 2,783 lending
companies have obtained the required certificate of authority from the SEC to engage in the business.
Any person who shall engage in the business of lending
without a validly subsisting authority to operate from the SEC may face a fine ranging from P10,000 to P50,000 or imprisonment of six months to 10 years or both, under Section 12 of the Lending
Company Regulation Act.
APRA Chairman Wayne Byres said: APRAs lending
benchmarks on investor and interest-only lending
were always intended to be temporary.
will launch a Beta program in November to select clients who will pledge Bitcoin as collateral and receive simple-interest, short-term renewable loans.
Its move to link SME lending
, remittances and branchless banking is perhaps the sort of innovation that the financial sector has needed.
Further development of rural market benefits non-card lending
"We researched many different LOS options, looking for a solution that supported our vision of being a lending
organization and making it easy for our members to do business with us," noted Dan Engelhard, chief lending
officer at Mazuma Credit Union adopting the LOS.
Yesterday's decline was an improvement on the previous quarter, when SME lending
by banks and building societies participating in FLS fell PS435m.
In the aggregate, small business lending
has increased in every quarter since the banks received SBLF funds.
The new lending
commitment means the group will grow its lending
to SMEs by PS1bn on a net basis in 2014.
Reuters -- The UAE stock market regulator has introduced new margin lending
rules and vowed to crack down on unlicensed lending
, it said in a statement on its website.
To try to address this claimed lack of lending
, the 81% government-owned Royal Bank of Scotland has launched (http://www.ibtimes.co.uk/articles/486000/20130703/rbs-sme-lending-finance-review-andrew-large.htm) an independent review of its lending
Banks and building societies participating in the Funding for Lending
Scheme (FLS) shrunk net lending
by PS300 million in the first quarter of the year, although the pace of lending
decline eased from three months earlier.
The Bank of England said net lending
in the quarter to December 31 fell by PS2.4 billion on the previous quarter, despite participants of the Bank of England's Funding for Lending
(FLS) scheme drawing down another PS9.5 billion over the period.