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Rise in P2P lending complaints reported by UK complaints commissioner

( July 17, 2025, 13:08 GMT | Official Statement) -- MLex Summary: This year has seen a notable increase in complaints in the UK against the Financial Conduct Authority relating to peer-to-peer lending platforms, the Financial Regulators Complaints Commissioner has said in its annual report. There have also been extensive and multiple complaints involving British Steel Pension Scheme. Rachel Kent, the Complaints Commissioner, said a number of investigations reflect “a degree of tension between our two organizations” and that going forward, she would meet with the FCA every quarter to discuss the broader implications of complaints filed against the regulator.Annual report and FCA response attached. ...

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