LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19
This research intends to discuss the problem of the practice of “Gali Lubang Tutup Lubang” in the Fintech P2P Lending business activities during COVID-19 in Indonesia based on the consumer protection perspective. The research method used is the normative legal research method with descriptive-analyt...
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| Format: | Article |
| Language: | English |
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Tadulako University
2021-12-01
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| Series: | Tadulako Law Review |
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| Online Access: | http://jurnal.untad.ac.id/jurnal/index.php/TLR/article/view/18278 |
| _version_ | 1797657967497052160 |
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| author | Hari Sutra Disemadi |
| author_facet | Hari Sutra Disemadi |
| author_sort | Hari Sutra Disemadi |
| collection | DOAJ |
| description | This research intends to discuss the problem of the practice of “Gali Lubang Tutup Lubang” in the Fintech P2P Lending business activities during COVID-19 in Indonesia based on the consumer protection perspective. The research method used is the normative legal research method with descriptive-analytical research specifications. Analytical descriptive research is intended to describe, analyze and explain the problems to be discussed, namely the presence of the problem of the practice of “Gali lubang Tutup Lubang” in the implementation of Fintech P2P Lending during the COVID-19 pandemic in Indonesia. The risk of “over-indebtedness” or excessive debt requires the borrower to choose the practice of “Gali Lubang Tutup Lubang”. This practice is often used in the case of a borrower borrowing money from one person to repay money borrowed from another person (another loan). This problem is considered to be present because of the increase in 'non-performing loans (NPL)' during the COVID-19 pandemic and the development of illegal Fintech P2P Lending. The increase in NPLs was caused by banks not maximizing credit relaxation policies. For this reason, the Financial Services Authority as a regulator and supervisor of the financial services sector must be able to provide a sense of security for consumers. |
| first_indexed | 2024-03-11T17:52:13Z |
| format | Article |
| id | doaj.art-ab2422203fbf47a3a7733b7d1c1077a1 |
| institution | Directory Open Access Journal |
| issn | 2527-2977 2527-2985 |
| language | English |
| last_indexed | 2024-03-11T17:52:13Z |
| publishDate | 2021-12-01 |
| publisher | Tadulako University |
| record_format | Article |
| series | Tadulako Law Review |
| spelling | doaj.art-ab2422203fbf47a3a7733b7d1c1077a12023-10-18T02:02:42ZengTadulako UniversityTadulako Law Review2527-29772527-29852021-12-016223725612521LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19Hari Sutra Disemadi0Universitas Internasional BatamThis research intends to discuss the problem of the practice of “Gali Lubang Tutup Lubang” in the Fintech P2P Lending business activities during COVID-19 in Indonesia based on the consumer protection perspective. The research method used is the normative legal research method with descriptive-analytical research specifications. Analytical descriptive research is intended to describe, analyze and explain the problems to be discussed, namely the presence of the problem of the practice of “Gali lubang Tutup Lubang” in the implementation of Fintech P2P Lending during the COVID-19 pandemic in Indonesia. The risk of “over-indebtedness” or excessive debt requires the borrower to choose the practice of “Gali Lubang Tutup Lubang”. This practice is often used in the case of a borrower borrowing money from one person to repay money borrowed from another person (another loan). This problem is considered to be present because of the increase in 'non-performing loans (NPL)' during the COVID-19 pandemic and the development of illegal Fintech P2P Lending. The increase in NPLs was caused by banks not maximizing credit relaxation policies. For this reason, the Financial Services Authority as a regulator and supervisor of the financial services sector must be able to provide a sense of security for consumers.http://jurnal.untad.ac.id/jurnal/index.php/TLR/article/view/18278gali lubang tutup lubang, fintech, consumer protection |
| spellingShingle | Hari Sutra Disemadi LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 Tadulako Law Review gali lubang tutup lubang, fintech, consumer protection |
| title | LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 |
| title_full | LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 |
| title_fullStr | LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 |
| title_full_unstemmed | LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 |
| title_short | LEGAL ASPECTS OF ‘GALI LUBANG TUTUP LUBANG’ IN FINTECH P2P LENDING BUSINESS DURING COVID-19 |
| title_sort | legal aspects of gali lubang tutup lubang in fintech p2p lending business during covid 19 |
| topic | gali lubang tutup lubang, fintech, consumer protection |
| url | http://jurnal.untad.ac.id/jurnal/index.php/TLR/article/view/18278 |
| work_keys_str_mv | AT harisutradisemadi legalaspectsofgalilubangtutuplubanginfintechp2plendingbusinessduringcovid19 |