Berlangganan Pro

Senin, November 6, 2023

OJK Disseminates Risks Associated with the Sharing of Personal Data with Online Lending Platforms

General Financial Service

The Chief-Executive of the Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Service Companies at the Financial Services Authority (Otoritas Jasa Keuangan – "OJK"), Agusman ("Chief Executive"), is urging the general public to remain vigilant regarding the various risks that are associated with the sharing of personal data with other parties in order to secure loans through online lending platforms. In this regard, the Chief Executive has explained that any payment failures that occur in due time or non-performances will likely result in collection processes being initiated by the relevant peer-to-peer, fintech or lending organizers ("P2P Lending") in relation to the original data subjects.
Furthermore, the Chief Executive has also affirmed that the above data subjects are also at risk of being listed in the P2P Lending blacklist database. The Chief Executive is therefore urging the general public to demonstrate wisdom and to remain cautious regarding the safekeeping of their personal data and the usage of said data in order to prevent themselves form sustaining any losses.
Similarly, the Chief Executive of Market Conduct Supervision of Financial Service Businesses, Education and Consumer Protection at the OJK, Friderica Widyasari Dewi, recently claimed that the OJK, along with the Illegal Financial Activity Eradication Task Force, terminated the operations of 1466 illegal online lending platforms and 18 illegal investment entities during the January - October 2023 period. In this regard, in October 2023 alone, a total of 53 phone numbers, 309 WhatsApp accounts and 47 bank accounts were blocked.
In response to the situation outlined above, the OJK is preparing to introduce a new regulatory framework that will address the maximum interest rates that are permitted to be charged by online lending platforms by the end of November 2023. In addition to this forthcoming framework, the OJK is also currently preparing a framework that will set out the applicable terms for online lending platforms when engaging in the collection of due loans.
For more on this story, see Hukumonline: “OJK Edukasi Masyarakat Bahaya Bagikan Informasi Data Pribadi Pinjol”.

......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

Semua Fitur Paket Professional
Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

The Chief-Executive of the Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Service Companies at the Financial Services Authority (Otoritas Jasa Keuangan – "OJK"), Agusman ("Chief Executive"), is urging the general public to remain vigilant regarding the various risks that are associated with the sharing of personal data with other parties in order to secure loans through online lending platforms. In this regard, the Chief Executive has explained that any payment failures that occur in due time or non-performances will likely result in collection processes being initiated by the relevant peer-to-peer, fintech or lending organizers ("P2P Lending") in relation to the original data subjects.
Furthermore, the Chief Executive has also affirmed that the above data subjects are also at risk of being listed in the P2P Lending blacklist database. The Chief Executive is therefore urging the general public to demonstrate wisdom and to remain cautious regarding the safekeeping of their personal data and the usage of said data in order to prevent themselves form sustaining any losses.
Similarly, the Chief Executive of Market Conduct Supervision of Financial Service Businesses, Education and Consumer Protection at the OJK, Friderica Widyasari Dewi, recently claimed that the OJK, along with the Illegal Financial Activity Eradication Task Force, terminated the operations of 1466 illegal online lending platforms and 18 illegal investment entities during the January - October 2023 period. In this regard, in October 2023 alone, a total of 53 phone numbers, 309 WhatsApp accounts and 47 bank accounts were blocked.
In response to the situation outlined above, the OJK is preparing to introduce a new regulatory framework that will address the maximum interest rates that are permitted to be charged by online lending platforms by the end of November 2023. In addition to this forthcoming framework, the OJK is also currently preparing a framework that will set out the applicable terms for online lending platforms when engaging in the collection of due loans.
For more on this story, see Hukumonline: “OJK Edukasi Masyarakat Bahaya Bagikan Informasi Data Pribadi Pinjol”.

......

Sudah memiliki akun? Masuk

Hukumonline Pro

Berlangganan sekarang untuk akses tak terbatas ke berbagai Analisis Hukum!

Tingkatkan kualitas penelitian hukum Anda dengan berlangganan Paket Professional Hukumonline Pro dan dapatkan lebih banyak analisis hukum untuk referensi yang komprehensif

PRO PLUS

Rp 7.500.000

per bulan

Semua Fitur Paket Professional
Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

Latest Analysis

2024 Hak Cipta Milik Hukumonline.com