Quote Originally Posted by myles View Post
The issue comes down to the definition of what Peer-to-Peer is. Unfortunately the FMA use words like 'people' when referring to a peer???
Heartland Bank or BNZ are not our peers, by any stretch of imagination.

Quote Originally Posted by myles View Post
I don't think they say things like "kiwi's borrowing from kiwi's" anymore (I think they did in early days.)...
Harmoney may have drifted away to their "insto" peers now (at the expense of their "retail" peers), but the general understanding of their clientele - of what a Jo Public borrower's "Peer" is, and what Harmoney meant by "Peer" when they created their initial ads, hasn't drifted with them too. I quote a quip by Warren again:

Abraham Lincoln once posed the question: “If you call a dog’s tail a leg, how many legs does it have?”
And then answered his own query: “Four, because calling a tail a leg doesn’t make it one.”