Services operating mainly on the Internet that bring together the supply of and demand for loans. If the service is purely an intermediary, no license is required for such a business. However, the German Federal Financial Supervisory Authority (BaFin) monitors the operators of the relevant online platforms to ensure that they do not also engage in lending and deposit-taking business that requires a license. – See crowdfunding, eLolly, Internet forums, peer-to-peer lending, social lending platform. – Cf. BaFin Annual Report 2007, p. 208 f. (BaFin can also take action against service providers in suspicious cases [within the framework of general risk prevention]).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/