Unethical practices peer-to-peer lending in Indonesia
ISSN: 1359-0790
Article publication date: 15 January 2020
Issue publication date: 10 February 2020
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
Citation
Hidajat, T. (2020), "Unethical practices peer-to-peer lending in Indonesia", Journal of Financial Crime, Vol. 27 No. 1, pp. 274-282. https://doi.org/10.1108/JFC-02-2019-0028
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited