I wouldn't be surprised if the website breaches FSA regulations.
If you believe the Telegraph, it's the Office of Fair Trading rather than the FSA that regulates them (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8012269/Zopa-calls-on-Government-and-FSA-to-regulate-social-lending-sector.html).
It just seems like a fashionable way for comfortably well-off Westerners to lose more money than they expect in a new and entertaining way.
Yup! Sure. Shall do.
I think our approaches to this issue - and to politics and finance in general - are so dissimilar that although the information is useful, I am unlikely to come round to your way of thinking at any time, and likewise I doubt you'd come round to mine.
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timeasmymeasure
no subject
Date: 2011-12-21 04:45 pm (UTC)If you believe the Telegraph, it's the Office of Fair Trading rather than the FSA that regulates them (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8012269/Zopa-calls-on-Government-and-FSA-to-regulate-social-lending-sector.html).
Yup! Sure. Shall do.
I think our approaches to this issue - and to politics and finance in general - are so dissimilar that although the information is useful, I am unlikely to come round to your way of thinking at any time, and likewise I doubt you'd come round to mine.