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P2P Weekly: Treasury Glows

"Treasury sings praises of peer to peer lenders," FT Adviser At the P2P Finance Association Summit in London, city minister Harriett Baldwin tipped her hat to the P2P industry, saying: "P2P platforms and fintech provide competition, ideas, and technology– making people’s lives better and the markets more effective. When you do well, your businesses flourish. Excellence breeds excellence. Customers have the services they need to meet their aspirations. And this country becomes better off, as a result of all this activity taking place here in the UK." "Where it’s due: Britain’s small firms are not as credit-starved as they may seem," The Economist Analysis shows that the credit outlook for SMEs in the UK is better than a surface level examination might indicate. Demand for credit increases, and SMEs are repaying loans quickly. Healthier banks and small businesses have made for a lot of activity, which should be considered a good thing. SEC votes to allow equity crowdfunding for startups, small businesses," Chicago Tribune In the U.S., the Securities and Exchange Commission adopted new rules that allow individual investors to buy shares of startups and small businesses through crowdfunding platforms. Crowdfunding leaders praised the move as a step toward democratising investment. There are clear limits designed to protect investors based on an individual's net worth and other factors. "RebuildingSociety to support own auctions," AltFi Rebuildingsociety.com is in the news. Our new catalyst initiative, which promises that we will be the first to invest in all loans we post, has caught industry attention.

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