 Since April 2014, the peer-to-peer lending industry has been regulated by the Financial Conduct Authority to increase accountability with standard reporting and facilitate the growth of the sector.Peer-to-peer investments do not qualify for protection from the Financial Services Compensation Scheme (FSCS), which provides security up to £75,000 per bank, for each saver, but regulations mandate the companies to implement arrangements to ensure the servicing of the loans even if the platform goes bust.In 2015, UK peer-to-peer lenders collectively lent over £3bn to consumers and businesses.