Lending Works joins P2PFA
The Peer-to-Peer Finance Association (P2PFA) welcomed Lending Works as a new member of the Association in September 2014.
The P2PFA is the industry body for peer-to-peer lending platforms and was set up in 2011 to ensure the rapidly growing peer-to-peer sector maintains high standards of conduct, treats customers fairly and collectively articulates coherent messages to policy makers.
Members of the P2PFA are required to operate within a strict set of rules or “Operating Principles” including minimum operating capital requirements, appropriate credit and affordability assessments, appropriate AML and anti-fraud measures, secure and reliable IT systems and fair complaints handling. Consumers can have confidence that doing business with a P2PFA member means they are dealing with a reputable business operating to high standards of conduct.
At Lending Works we are committed to operating to the highest possible standards of conduct and we’re delighted to be working with the P2PFA and its members to help promote best practice across the sector.