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RateSetter controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Investor objections over the provision fund and Metro Bank transaction

    Some of the approximately 45,000 peer-to-peer investors objected to the treatment of RateSetter's provision fund when Metro Bank bought them out at par. The fund had been strengthened by interest redirected from investors during the preceding period, making its treatment a contentious part of the ownership transition.

    Source