Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

ARCA broadens representation with RateSetter

The Australian Retail Credit Association (ARCA) has welcomed peer-to-peer lender RateSetter as its newest member.

ARCA chief executive Damian Paull said the move reflected the recent rise in P2P and other alternative lending models.

“We’re excited to have the perspective of an emerging credit provider at the table, especially in such a dynamic segment of the market,” he said.

“ARCA membership will support RateSetter to take a proactive leadership role in credit reporting and join existing members to improve the system for the benefit of industry and consumers.”

RateSetter CEO Daniel Foggo said the P2P lender was committed to achieving positive change in the Australian retail credit industry.

Advertisement
Advertisement

PROMOTED FEATURES


“ARCA provides a strong and trusted voice that speaks on behalf of many credit organisations. As Australia’s first company to provide peer-to-peer lending to retail savers and investors, RateSetter is thrilled to join other leading credit providers as a member of ARCA,” he said.

RateSetter is the first provider to join ARCA under its new Tier Four membership category designed for smaller and emerging credit providers.

ARCA broadens representation with RateSetter
mortgagebusiness

Latest News

The federal government has unveiled a plan to overhaul responsible lending laws by shifting from a “lender beware” model to a “borrowe...

Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to...

ASIC has directed fund managers to do more to remain “true to label” after finding that funds labelled as cash had assets other than cas...

FROM THE WEB
podcast

LATEST PODCAST: How lenders are viewing the property price outlook

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.