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. ...
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Alleged fraud occurred between 2011 and 2017
WMA to hold its vote on 31 May
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