Tempo-July 11, 2025

The Business Competition Supervisory Commission (KPPU) alleged that 97 credit companies have colluded in the setting of suffocating loan interest rates, meaning that their business practices are no different from those of loan sharks. Online lending companies have turned into loan sharks. Their victims are poor people. Read more at: https://en.tempo.co/read/2027195/the-online-lending-trap First published in Tempo