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France

Who we are

France at a glance

France is a European country that boasts a rich history, culture and cuisine. France has a population of around 67 million people and is divided into 18 regions The largest region is Île-de-France, which is home to the capital city of Paris and has a population of over 12 million people. Other regions with large populations include Provence-Alpes-Côte d’Azur, Rhône-Alpes and Auvergne-Rhône-Alpes.

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Banking

There are approximately 389 financial institutions operating in France, with some of the largest being BNP Paribas, Société Générale and Crédit Agricole. The central bank of France is Banque de France, which is responsible for the country’s monetary policy.
Website: www.banque-france.fr,
Address:31 Rue Croix des Petits Champs, 75001 Paris, France
Email:nfo@banque-france.fr.

Peer-to-Peer Lending Regulations

Peer-to-peer (P2P) lending is regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which is responsible for authorizing P2P lending platforms in France.
Website : www.acpr.banque-france.fr,
Address: 4 Place de Budapest, CS 92459, 75436 Paris Cedex 09, France.
Email: acpr.communication@acpr.banque-france.fr

Financial Regulators

The primary financial regulator in France is the Autorité des Marchés Financiers (AMF), which is responsible for regulating the securities and investment markets in France.
Website:https://www.amf-france.org/,
Email: communication@amf-france.org
Phone: +33 1 5345 6000.

Small Claims Procedure

Small claims are handled by the “juge de proximité” or the “tribunal d’instance” depending on the amount claimed. The maximum amount that can be claimed in the “juge de proximité” court is €10,000, while the maximum amount that can be claimed in the “tribunal d’instance” court is €4,000. The procedure is relatively informal, and lawyers are not required, although they can be present if both parties agree. More information is found on the website of the French Ministry of Justice (www.justice.gouv.fr).

Competitor Information

Major competitors actively issuing credit in Consumer Lending are Younited Credit(https://www.younited-credit.com )and Stoneraise(https://www.stoneraise.com )