The Limitations of this 2008 customer Credit Directive
Moreover it provides access that is improved credit for customers who cannot get it from traditional loan providers.
The model that is p2PL advantages for customers with regards to convenience. During the time that is same P2PL also poses major dangers to any or all the parties involved – that is, customer loan providers, customer borrowers, and platform operators (European Banking Authority 2015a). The risks to consumer lenders and borrowers who use the services of a platform deserve special attention in the present context. Consumer lenders may lose the quantity borrowed after either the customer borrower’s or even the platform’s default (European Banking Authority 2015a, pp. 2-14; Macchiavello 2017). (more…)
