Indonesia’s Online Loan Challenges: What Legal Actions Can Solve the Most Pressing Issues?

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This paper proposes regulatory improvements to enhance consumer protection and reduce predatory lending in Indonesia's online loan market.

Regulatory reforms can significantly enhance consumer protection against predatory lending practices in Indonesia.
The Financial Services Authority's role is critical in implementing licensing and supervisory improvements for online lenders.
Introducing interest rate caps and transparent fee structures may help combat exploitation of borrowers in the online lending market.
Increasing financial literacy among consumers is essential for informed decision-making and reducing over-indebtedness.

Admiral et al. (2025) studied this question.

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This paper proposes regulatory improvements to enhance consumer protection and reduce predatory lending in Indonesia's online loan market.