Former chairman of the financial regulator Adair Turner has warned about peer-to-peer (P2P) lending, predicting "big losses" in the coming decade a week after the sector experienced its biggest investment failure.
Turner (pictured) told BBC Radio 5's Wake Up To Money programme he worried automated processes and a lack of good credit underwriting will mean people are bound to lose money from their investment. ...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected