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 CONTENT


“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 prudential regulator has written to ADIs to ensure that they are proactively managing lending risks and focusing on lending standards am...

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to co...

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report. ...

How long do you think it should take to discharge a mortgage?

Website Notifications

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