Indonesia Examines Potential Cartel Activity Among Online Lenders Linked to Fintech Data Center
Indonesia's competition regulator is investigating potential cartel activity among online lenders linked to the Fintech Data Center (FDC) concerning interest-rate caps. The inquiry examines whether the FDC facilitated coordination among lenders by sharing interest-rate data, with multiple licensed peer-to-peer lenders being questioned. Hearings into these allegations are nearing completion.
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Indonesia's competition regulator is investigating if the Fintech Data Center (FDC) enabled cartel behavior among online lenders in relation to interest-rate caps. The Indonesian Competition Commission has questioned multiple licensed peer-to-peer lenders regarding the FDC's role in setting maximum daily lending rates.
The inquiry focuses on whether the FDC allowed lenders to coordinate by sharing interest-rate data that was accessible to other members. The hearings into these allegations are nearing completion.
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