Online loans

OJK: More women in trouble with illegal online loans than men

TEMPO.CO, Jakarta – The Financial Services Authority (OJK) said that women have more problems with financial technology (fintech) lenders who are not registered. The head of the OJK’s investment warning task force, Tongam L Tobing, said this was based on the number of reports written by more women than men. He said three out of […]

Loan interest

California passes new rules that cap interest on personal loans at 36%

More … than 23 million people have used at least one payday loan Last year. On Friday, September 13, California passed a law that would make loans like these cheaper for residents. The California State Legislature passed the Fair Access to Credit Act, which prevents lenders from charging more than 36% on consumer loans between […]