Watchdog lays down new rules for Crowdfunders
Investors in so-called "peer-to-peer" websites touting 7pc interest rates will receive better protection from the City watchdog under plans announced today.
The Financial Conduct Authority (FCA) this morning launched a consultation to tighten the rules on this type of investment, where savers lend money to borrowers through a middleman website.
- October 24, 2013