Mortgage News

First peer-to-peer lending licence issued

Tuesday 8th of July 2014

Auckland-based Harmoney is the first provider of this new financial service, under the provisions of the Financial Markets Conduct Act 2013.

“This is a new service for New Zealand that brings new opportunities for lenders and borrowers. Peer-to-peer lending has already proved popular in Europe and US, and we’ve been able to build on that experience,” FMA Director of Compliance Elaine Cam...

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