Nearly two years ago, social media users were shocked by an outrageous news: a netizen’s relative committed suicide after being pressured by debt collectors for unable to pay off their debt. At first glance, this sounds “normal”, what makes it not normal is that the debt in question was given by a notorious P2P lending platform and similar issues have been a concern for years, meaning this is not the first time. The existence of platforms that can easily provide credit facilities has overgrown since the COVID-19 outbreak attacks, unfortunately, there are supposedly many things that are violated in the agreements made between the parties, including the imposition of high interest rates that make this kind of platform no different from loan sharks. Then, using this trigger, the Business Competition Supervisory Commission (KPPU) took the initiative to examine all similar licensed platforms, and after waiting for a long time, it is said that the trial will begin soon. To subscribe please click here
