Yogyakarta (ANTARA) \u2013 The Financial Services Authority (OJK) recorded\n3,244 reports related to illegal online lending in East Java between\nJanuary and August 2026, highlighting the importance of strengthening\nconsumer protection and public vigilance towards offers from unlicensed\nlenders.<\/p>\n
\u201cThe figure places East Java second among provinces with the most\nreports of illegal online lending in Indonesia,\u201d acting head of the\nOJK\u2019s East Java office Horas V. M. Tarihoran said at a 2026 media\ngathering in Yogyakarta on Tuesday.<\/p>\n
The number puts East Java among the provinces with the second-highest\nvolume of complaints about illegal online lending nationwide, after West\nJava, which recorded 5,676 reports. Jakarta was next, with 2,937\nreports.<\/p>\n
Nationwide, the OJK received 30,328 complaints about illegal\nfinancial activities during the period, comprising 26,729 reports of\nillegal online lending, 3,399 reports of illegal investment and 200\nreports of illegal pawnbroking.<\/p>\n
In East Java, public reports also included 592 cases related to\nillegal investment and 33 reports of illegal pawnbroking. This indicates\nthat risks arise not only from digital lending services, but also from\noffers to invest funds and pawnbroking transactions whose legality is\nunclear.<\/p>\n
As part of enforcement action, Horas said, the Task Force for the\nEradication of Illegal Financial Activities (Satgas PASTI) identified\nand shut down 951 illegal online lending entities, 242 illegal\ninvestment offers, 27 illegal pawnbroking activities and two other\nillegal financial activities, bringing the total to 1,222 entities or\nactivities.<\/p>\n
Horas warned that illegal online lenders can cause losses through the\nmisuse of personal information, debt collection that does not comply\nwith regulations, and interest and fees that are not disclosed\ntransparently.<\/p>\n
He urged the public to check that providers are licensed before\napplying for a loan or investing funds, and not to be tempted by\npromises of rapid disbursement sent through text messages, social media\nor apps of unclear origin.<\/p>\n
People should also keep personal data confidential, including\none-time passwords (OTPs), PINs and account details, and use official\nOJK channels to check whether financial services are licensed or to\nreport suspicious offers.<\/p>\n
Stronger supervision and financial education are expected to help\npeople recognise risks early, while encouraging the use of legal and\nresponsible financial services to meet funding needs without falling\nvictim to harmful practices.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-logs-3-244-reports-of-illegal-online-lending-in-east-java-1793105746", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }