Digital Loan Sharks

The Financial Services Authority (OJK) should step up its actions against digital money lenders. Many people have complained about apps for peer-to-peer lending. These include sky-high interest rates and rough, even terrorising, debt collectors.

Hundreds of victims of these online loan sharks have reported their cases to a number of institutions in the past months. For example, Jakarta’s Legal Aid Institute has received some 800 reports,

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