The OJK plans to limit individual lenders' involvement in peer-to-peer lending due to widespread misconduct that has exposed investors to significant risks.
Can OJK Prevent Fraud in the Peer-to-Peer Lending Industry?
Ghoida Rahmah
December 30, 2024
ENTJIK S. Djafar, Chairman of the Indonesian Peer-to-Peer Lending Association (AFPI), has received frequent invitations to meet with the Financial Services Authority (OJK) as the year-end draws close. He has been asked to help OJK draft new regulations to tighten the rules for digital platforms connecting lenders with borrowers. According to Entjik, this effort is a part of OJK's plan to transform the peer-to-peer (P2P) lending industry follo
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