OJK Cracks Down on Pinjol ‘Tadpole’ Payment Schemes
Indonesia’s Financial Regulator Cracks Down on ‘Tadpole’ Lending Schemes Jakarta, Indonesia – The Indonesian Financial Services Authority (OJK) is tightening regulations on “tadpole” (pinjol) lending schemes, a rapidly growing form of digital credit, amid concerns over predatory practices and consumer debt. The move aims to protect vulnerable borrowers from exploitative interest rates and aggressive collection … Read more