Unethical practices peer-to-peer lending in Indonesia

Taofik Hidajat

Journal of Financial Crime, 2020, vol. 27, issue 1, 274-282

Abstract: Purpose - This paper aims to highlight the existence of illegal peer-to-peer (P2P) lending in Indonesia, unethical practices of P2P lending operators to borrowers, regulatory weaknesses and offer recommendations to reduce unethical practices. Design/methodology/approach - This paper is a general discussion through desk research using secondary data from journal papers, research reports, books and papers online. Findings - There are regulatory weaknesses in regulating illegal P2P lending. There are no strict legal sanctions for P2P lending operators who act unethically to borrowers. Originality/value - This paper discusses the unethical actions of P2P lending operators and the inability of regulations to take legal action against illegal P2P operators.

Keywords: Indonesia; Crowdfunding; Fintech; Peer-to-peer lending (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-02-2019-0028

DOI: 10.1108/JFC-02-2019-0028

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