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Indonesia eyes fintech regulation to avoid 'loan shark-like' practices

JAKARTA (Reuters) - Indonesia's financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: fintech, jakarta, indonesia, indonesia's, financial

Source Link: http://feeds.reuters.com/~r/reuters/technologyNews/~3/GMdsBvSkHgU/indonesia-eyes-fintech-regulation-to-avoid-loan-shark-like-practices-idUSKCN1GP10B

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