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Unethical practices peer-to-peer lending in Indonesia

Author

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  • Taofik Hidajat

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.

Suggested Citation

  • Taofik Hidajat, 2020. "Unethical practices peer-to-peer lending in Indonesia," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 27(1), pages 274-282, January.
    • Handle: RePEc:eme:jfcpps:jfc-02-2019-0028
    DOI: 10.1108/JFC-02-2019-0028
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    Cited by:

    1. Samuel Adiprasetya Isaputra & Sumaryono, 2023. "P2P lending: Moderation of desirability of control on risk-taking decisions of Indonesian borrowers," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-7, December.

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