{
    "success": true,
    "data": {
        "id": 1639734,
        "msgid": "kppu-convicts-97-online-loan-platforms-of-competition-violations-ojk-prepares-for-strict-oversight-1774669880",
        "date": "2026-03-28 09:35:00",
        "title": "KPPU Convicts 97 Online Loan Platforms of Competition Violations, OJK Prepares for Strict Oversight",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) has expressed respect for the Business Competition Supervisory Commission's (KPPU) ruling that 97 online loan platforms violated competition laws through cartel-like collusion. In response, OJK is committed to enforcing stricter oversight, urging platforms to adhere to governance, risk management, and consumer protection standards while contributing to government initiatives. This decision underscores efforts to foster a healthy, transparent lending industry, supported by recent regulations like Circular Letter No. 19 of 2025 and a 2023-2028 roadmap for strengthening tech-based collective funding services.",
        "content": "<p>JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) respects\nthe decision of the Business Competition Supervisory Commission (KPPU)\nwhich declares 97 online loan platforms (Pinjol) guilty. Head of the\nDepartment of Financial Literacy, Inclusion, and Communication of OJK,\nM. Ismail Riyadi, stated that the KPPU has determined that the Pinjol\ncartel was proven to have colluded in violating business competition\nprovisions. \u201cThe Financial Services Authority (OJK) notes and respects\nthe decision issued by the Chairman of the KPPU Panel in Case\nNo.\u00a005\/KPPU-I\/2025,\u201d said Ismail in his official statement on Friday\n(27\/3\/2026). In further response to the decision, OJK stated that it\nwill continue to encourage Pinjol companies to comply with applicable\nregulations. To realise a healthy lending industry, Pinjol companies\nmust implement governance, risk management, and consumer protection,\noperate with integrity, and provide benefits to society. OJK encourages\nPinjol business actors to continue contributing to the government\u2019s\nstrategic programmes. According to him, OJK has issued Circular Letter\nNo.\u00a019 of 2025 on the Implementation of Technology Information-Based\nCollective Funding Services (LPBBTI). The circular regulates the\nlimitation of benefits reaped by Pinjol companies from debtor\ntransactions. The regulation was established to ensure that Pinjol\npractices operate healthily, transparently, and protect consumers.\nBeyond that, OJK has also issued regulations determining the governance,\nrisk management, health level of Pinjol companies, and compiled a\n2023-2028 roadmap for strengthening LPBBTI. These provisions were issued\nto strengthen supervision, encourage improvements in Pinjol, and protect\nconsumers. \u201cOJK will continue to monitor the development of the\nindustry,\u201d Ismail emphasised firmly.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kppu-convicts-97-online-loan-platforms-of-competition-violations-ojk-prepares-for-strict-oversight-1774669880",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}