We need tougher regulation, say peer-to-peer lenders


Near the top of the list of “Things you don’t expect to hear”:

Peer-to-peer lenders have said there is an “urgent” need for tougher regulation of their own sector to ensure that consumers understand the risks they are exposed to, thus avoiding a future backlash if investments fail to perform.

Source: We need tougher regulation, say peer-to-peer lenders

It’s not very often that an industry calls for tougher regulation of itself.

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