Indonesia Fines 97 P2P Lenders $44M Over Cartel Practices
Indonesia’s antitrust agency has fined 97 peer-to-peer lending companies a combined Rp755 billion ($44.6 million) after finding them guilty of coordinating interest-rate practices in a cartel scheme, according to a report by The Jakarta Post. The Business Competition Supervisory Commission, or KPPU, said the lenders… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged enforcement, indonesia, KPPU, online lending, p2p, peer-to-peer lending