State Police (SPC) Chief Anil Kant has issued instructions to maintain high alert against mobile apps used for online loan fraud in light of rising fraud cases targeting young people and students. Mr. Kant called on district police chiefs to take strong and effective action on complaints related to them.Read More →
State Police (SPC) Chief Anil Kant has issued instructions to maintain high alert against mobile apps used for online loan fraud in light of rising fraud cases targeting young people and students. Mr. Kant called on district police chiefs to take strong and effective action on complaints related to them.Read More →
Cyber-Forensics.net Cybercrime Specialist Loan application fraud is a type of fraud where criminals steal consumers’ online information to obtain illicit loans they have no intention of repaying. Limiting the impact of fraudulent payments is now a top priority for financial institutions. —Timothy Benson SOFIA, BULGARIA, April 28, 2022 /EINPresswire.com/ —Read More →
Prior to this, the Deputy Director of KL Commercial CID, Superintendent Mohamad Musa Marsidi, the victim was arranging a loan of RM80,000 by filling in the form of an online money lending company which was supposed to offer low interest loans. interest. KUALA LUMPUR (April 6): Desperate for a personalRead More →
Kuala Lumpur Commercial CID Deputy Director Superintendent Mohamad Musa Marsidi said the 54-year-old victim filed a report on April 1 after realizing he had been cheated. ― Photo by Hari Anggara KUALA LUMPUR, April 6 – Desperate for a personal loan of RM80,000, a bank officer ended up losing RM234,000Read More →
In Nigeria, the high interest rate demanded by many unregistered finance platforms perpetuates the notion of loan sharking, which is very disturbing and even fraudulent and unethical in loan transactions. Various unscrupulous practices have been developed to rip off customers through crazy interest rates many of which are not wellRead More →
On Friday, March 11, the Federal Competition and Consumer Protection Commission (FCCPC) raided at least seven digital loan companies operating in Lagos on “possible violation” of consumer rights. The operation led by the boss of the commission, Babatunde Irukera, responded to several complaints of embezzlement on the part of lenders.Read More →
The Federal Government of Nigeria has finally taken action to crack down on online loan applications posing as lenders in Nigeria. The federal government says online lending companies have caused a lot of harm in the country by invading people’s privacy, including breaking Nigerian data laws. The Federal Competition andRead More →
The in-depth study of the Online Loan Aggregators Market is an expert and top-down survey of the state of momentum across the globe. Global Online loan aggregator industry with attention to the global market. The report gives key information on the available status of global online loan aggregator producers andRead More →
The Federal Competition and Consumer Protection Commission raided some illegal financial institutions operating in Opebi Road, Ikeja, Lagos This was done in conjunction with the Independent Corrupt Practices and Other Related Offenses Commission, the Nigerian Police, among others. The operation carried out by the boss of the commission, Babatunde Irukera,Read More →
After years of lamentations, the federal government has finally heard the cries of Nigerians. Therefore, the crackdown on loan sharks began. The Federal Competition Commission for Consumer Protection, in conjunction with the Independent Corrupt Practices and Other Related Offenses Commission, the National Information Technology Development Agency and the Nigerian Police,Read More →
The Federal Competition Commission for Consumer Protection (FCCPC), in collaboration with the National Agency for the Development of Information Technologies (NITDA); The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) and the Nigerian Police (NPF) raided some suspected illegal financial institutions on Friday. Some of the affected online lendersRead More →
OOnline banking apps such as GoCash, OKash, EasyCredit, Kashkash, Speedy Choice, Easy Moni and Sokoloan have been shut down At least seven loan sharks were shut down yesterday for illegal online banking and breaching their customers’ privacy. The operation was carried out by the Federal Competition Consumer Protection Commission inRead More →
Ken Research Pvt. ltd UAE Online Loan Aggregator Market Research Report covers BankOnUs online credit card market revenue, UAE commission rate online aggregators, impact of COVID 19 on the UAE loan industry, outstanding credit in UAE in AED, loan disbursement in UAE, future of UAE online loan aggregators market, FutureRead More →
Gurugram, India, March 09, 2022 (GLOBE NEWSWIRE) — The banking sector in the UAE is a highly fragmented space with a presence of around 60 domestic and international banks in the country. After the 2016 oil crisis, suffering from high NPAs, banks in the UAE tended to be more cautiousRead More →
Taking out a loan online has become a top choice for many people because it is quick, easy, and convenient. It may be just what you need to stay in control of your finances. Whether you want to consolidate your debts or use the money for something else, there areRead More →
Kohima, March 5 (MExN): Nagaland Police have warned the general public to be aware of easy online scams by scammers posing as representatives of reputable banks/financial institutions offering low interest loans. The warning was issued by SP (Crime) & PRO, PHQ Kohima. According to the police, the modus operandi ofRead More →
Kohima, March 5 (MExN): Nagaland Police have warned the general public to be aware of easy online scams by scammers posing as representatives of reputable banks/financial institutions offering low interest loans. The warning was issued by SP (Crime) & PRO, PHQ Kohima. According to the police, the modus operandi ofRead More →
Kohima, March 5 (MExN): Nagaland Police have warned the general public to be aware of easy online scams by scammers posing as representatives of reputable banks/financial institutions offering low interest loans. The warning was issued by SP (Crime) & PRO, PHQ Kohima. According to the police, the modus operandi ofRead More →
Dimapur: Nagaland Police have advised the public to be aware and not fall prey to easy online scams by scammers posing as representatives of reputable banks or financial institutions offering low interest loans. interest. Elaborating on the modus operandi of the scam, police said on Saturday that scammers contact victimsRead More →
Kathmandu, February 23 Two Chinese and more than 100 Nepali nationals have been arrested for their involvement in running a fraudulent online loan scheme targeting Indians, police said on Wednesday. Nepalese police said in a press release that they arrested two Chinese and 115 Nepalese in two separate raids onRead More →
Kathmandu, February 23 Two Chinese and more than 100 Nepali nationals have been arrested for their involvement in running a fraudulent online loan scheme targeting Indians, police said on Wednesday. Nepalese police said in a press release that they arrested two Chinese and 115 Nepalese in two separate raids onRead More →
Nepalese police said they arrested two Chinese and 115 Nepalese in two separate raids. (Representative) Kathmandu: Two Chinese and more than 100 Nepali nationals have been arrested in Nepal for their involvement in running a fraudulent online loan scheme targeting Indians, police said on Wednesday. Nepali police said in aRead More →
A loan against property (LAP) or a home advance is advantageous by keeping your property as a mortgage with the bank. The credit is given as a particular level of the market value of the property. Banks generally credit up to half to 60% of the value of the property.Read More →
Shayamoya resident Everton Mfitshi writes: I would like to warn people about a new scam trend on Facebook and WhatsApp. In January, parents have to pay school fees for their children, buy uniforms and stationery. This means that most parents need extra funds, but I want to warn them toRead More →
LOS ANGELES – January 26, 2022 – (Newswire.com) iQuanti: Online loans are a way for lenders to offer quick cash loans to borrowers without meeting in person. These loans are a useful tool when you need quick access to cash that you can repay quickly. And while it can beRead More →
Identify sales forecasts to help your business maintain adequate inventory, create an action plan with the latest edition published by AMA on the Online Loan Aggregators Market to regulate the balance of demand and supply . This press release was originally issued by SBWire Edison, New Jersey—(SBWIRE) – 01/25/2022 –Read More →
Online loan fraud via multiple apps is growing on a large scale in the country. According to a new report from India Time, over 180 complaints of loan fraud have been registered in Ghaziabad since December 25, 2021. Read also – Warning! Scammers target users who watch pornographic content onlineRead More →
The Federal Trade Commission (“FTC“) at announcement a stipulated settlement (“Rules“) with ITMedia Solutions LLC and a number of its affiliates (collectively “IT Media“), on alleged offenses of the FTC Act and the Fair Credit Reporting Act (“FCRA“). Under this settlement, ITMedia will pay $1.5 million in civil penalties. AccordingRead More →
TEMPO.CO, Jakarta – Communication and Information (KominfoThe ministry had closed access to 5,429 publicly reported online lending sites from 2018 to December 26, 2021. One of the reasons for blocking access was due to the misuse of personal data. “The Kominfo ministry continues to oversee mobile phone operators to ensureRead More →
(MENAFN – Payday Ventures) Are you afraid of getting help when you don’t have the money? Well, you don’t have to worry. It is possible to get a loan online without a credit check. Getting a loan from traditional banks is tedious, and it is almost impossible to get aRead More →
Adedayo Akinwale in Abuja The House of Representatives has demanded strict measures to restrict the activities of online loan providers. The House resolution followed the adoption of a motion brought forward by the Hon. Akin Alabi in plenary yesterday. Filing the motion, Alabi noted that the impact of the COVID-19Read More →
Desperate people looking for cash ahead of Christmas are being swindled out of hundreds of dollars in online loan fraud, Gardaí warned. A number of websites offering unsecured loans target financially vulnerable people in the scams known as advance fee fraud. The Garda National Economic Crime Bureau (GNECB) has warnedRead More →
As we enter the Christmas season, people are being warned not to avail unsecured loans on the internet. The Christmas season brings many wonderful things with it but for many it also brings financial worries. A popular time to seek out small loans, scams target the financially vulnerable. Gardaí cautionsRead More →
New Delhi: According to a recent estimate by the Reserve Bank of India, there are over 1,100 online loan applications available in India on various internet platforms. Surprisingly, over 600 of these apps for Android users in India were illegal and they were distributed to over 80 app stores. ARead More →
Would you agree to all the conditions they offer, such as your card details, your means of identification and your BVN? Once you do this, the money will be transferred to you within minutes. It sounds easy, but there are pitfalls if you are unable to repay the loan andRead More →
ALMOST daily Nigerians have recently received text messages like the following: “Your friend, Mr. Donald Drum, is a dubious person, a thief and a fraudster who has been swindling people for weeks now. This person got a loan from our company but he refused to pay it back. He totallyRead More →
BANGKOK (The Nation / Asia News Network): Six people were arrested by police from the Cyber Crime Investigation Bureau (CCIB) who had launched an investigation on the website www. กู้ เงิน ฉุกเฉิน. Net (emergency loan) in early in the week, Pol said. Lieutenant-General Kornchai Khlaikhleung, head of the CCIB, Thursday,Read More →
Bangladesh Comptroller and Auditor General Mohammad Muslim Chowdhury, Financial Institutions Division Secretary Sheikh Mohammad Saleem Ullah, Sonali Bank Chairman Ziaul Hasan Siddiqui, Bangladesh House Building Finance Corporation Chairman Md Salim Uddin and Managing Director BHBFC Md Afzal Karim, among others, attend the launching ceremony of an online loan deposit systemRead More →
introduction A loan aggregator is an intermediary organization that gathers personal and financial information about a loan application and reviews it to find out who might offer a loan to a person. These aggregators charge a certain amount to provide the individual end-to-end service throughout their loan application process. OnlineRead More →
TEMPO.CO, Jakarta – The Jakarta Legal Aid Institute (LBH Jakarta) was planning to file a lawsuit in the Jakarta Central District Court against President Joko “Jokowi” Widodo, Vice President Ma’ruf Amin, Ministry of Communication and Information, the Financial Services Authority (OJK), and the House of Representatives (DPR). ” It’s plannedRead More →
As the Indonesian fintech ecosystem matures, criminals are also developing ways to do business in space. This has led to the victimization of unintentional users, and the problem is widespread. The IT ministry blocked 1,856 unlicensed fintech lending platforms in 2021 and nearly 4,900 illegal lending platforms since 2018. However,Read More →
Jakarta (ANTARA) – Although police in Greater Jakarta have arrested three perpetrators operating illegal online lending services in Tangerang, more and more people continue to fall victim to similar practices amid the proliferation of several of these illegal fintechs. The Ministry of Communication and Information Technology handled up to 447Read More →
Illustrative photo (Source: HD Bank) City HCM (VNS / VNA) – The Ho Chi Minh City Commercial Joint Stock Bank (HDBank) has unveiled a online preferential credit package of 5,000 billion VND (220 million USD) with an interest rate of only 4.99%. The ‘Online loans at preferential interest rates aimsRead More →
GURUGRAM, India, October 6, 2021 / PRNewswire / – The banking industry in the UAE is a highly fragmented space with a presence of around 60 national and international banks in the country. After the 2016 oil crisis, suffering from high NPAs, UAE banks tended to be more cautious whenRead More →
GURUGRAM, India, October 6, 2021 / PRNewswire / – The banking industry in the UAE is a highly fragmented space with a presence of around 60 national and international banks in the country. After the 2016 oil crisis, suffering from high NPAs, UAE banks tended to be more cautious whenRead More →
GURUGRAM, India, October 6, 2021 / PRNewswire / – The banking industry in the UAE is a highly fragmented space with a presence of around 60 national and international banks in the country. After the 2016 oil crisis, suffering from high NPAs, UAE banks tended to be more cautious whenRead More →
The publication titled “Indonesia Online Loan and Insurance Industry Outlook to 2024-Compelling Incumbents to Pursue Growth via Product Development & International Expansion” undertakes an analysis of Indonesia’s socio-demographic, economic, banking and fintech outlook; global loan and insurance scenario; gaps in traditional distribution models filled by the aggregator (financial markets); UniqueRead More →
“We are always looking for ways to make our products more convenient for the elderly, which now means offering more capabilities online,” said Martin Lenoir, Marketing Director of AAG. “The pandemic has pushed older Americans into the digital world and this has prompted us to make some improvements. Now, manyRead More →
Kochi: Thrissur Cybercrime Police have arrested Vivek Prasad and Vinay Prasad, the Malyali brothers living in New Delhi, for siphoning thousands of rupees from the public, especially those in Kerala, by promising bogus loans online. The brothers were arrested at a time when Kochi City Cyber Police and Panangad PoliceRead More →
Gardai has warned the public of an online loan scam that targets vulnerable people. The trick allows the victim to apply for the loan online without needing a good credit score or providing any documentation beyond basic personal details. The victim will then receive a call telling them that theirRead More →
By Kao Shih-ching / Journalist The Financial Supervisory Commission (FSC) plans to ease regulations on web-based consumer lending at banks as the government seeks to create a comprehensive digital banking environment, the commission said yesterday. Current regulations allow online loan applications, but require banks to adopt more stringent identity authenticationRead More →
Laois Offaly Gardaí has warned of another scam and posted some tips on how to avoid getting stung. The last con job concerns loans offered online. Gardaí explained what was going on. “We continue to receive reports from people who have been the victims of advance fraud relating to anRead More →
Applying for a loan has never been easier. Obtaining a loan included an in-person visit with a lender to discuss your options and complete a loan application. Today, you can submit an application online from the comfort of your own home, giving you a lot more choice and freedom. However,Read More →
Applying for a loan has never been easier. Getting a loan used to include visiting a lender in person to discuss your choices and complete a loan application. Today, you can submit an application online from the comfort of your own home, giving you much more choice and freedom. However,Read More →
Gardai seeks to warn the public of Limerick against advance fee fraud. “A number of bogus websites offer unsecured loans and target vulnerable people who have had difficulty obtaining loans from established financial institutions. A person applies for a loan through a website that offers loans that will be processed.Read More →
The ministry welcomed the initiative to eradicate illegal online lending in order to strengthen the protection of financial consumers Jakarta (ANTARA) – Communication and IT Minister Johnny G. Plate hailed the efforts of relevant stakeholders to root out online loan fraud activity with the signing of a joint statement onRead More →
On August 12, 2021, the Massachusetts Attorney General (AG) announcementa regulationwith an online loan service, resolving allegations that the company engaged in abusive debt collection practices in violation of the AG’s debt collection regulations. After the AG’s office investigated the company, Massachusetts AG alleged that the company, which offers short-termRead More →
A NEW dedicated advice site has been launched to support Scots battling loan sharks – amid a surge in online scams during the pandemic. The Scottish Illegal Money Lending Unit (SIMLU) has also expanded its network of organizations operating in communities, which help residents to safely report illegal activities ofRead More →
The online loan market has intensified over the past 5 years, but many people still only contact their own bank when considering taking out a loan. But is it really the smartest thing to do? Your own bank is not always the cheapestThere is absolutely no guarantee that your ownRead More →
A Delta State resident has shouted that some online lending companies have sent death messages to his phone and threatened to declare him wanted as a fraudster if he does not pay them back. The victim, who requested anonymity due to the threats he had received, said the loan companiesRead More →
A resident of Delta state shouted that some online loan companies have reportedly sent death messages to his phone and threatened to declare him wanted as a fraudster if he doesn’t pay them back. The victim, who pleaded anonymity because of threats he received, said loan companies also contacted hisRead More →
Police from the Crime Suppression Division raided an illegal loan service in Nonthaburi province and arrested 30 gang members. But the Chinese boss remains free. (Photo provided) NONTHABURI: Thirty members of an illegal online lending network operated by a Chinese national were arrested during a raid on three apartment buildingsRead More →
By Mélanie Coleman Data continues to play an increasingly important role in marketing. Senior executives and boards are starting to understand that vanity metrics like clicks and impressions only tell part of the story. As marketers, our challenge is to continue to dig deep, anticipate upcoming questions, and effectively illustrateRead More →
WARNING SIGNS: In each case, the alleged company requested an upfront payment and then either blocked the customer or failed to respond to their follow-up messages. By Wang Chun-chung and Kayleigh Madjar / Journalist, with editor-in-chief Police in Tainan warned on Monday of an increase in loan fraud, as fraudstersRead More →
NEW YORK – Some small businesses forced to turn to online lenders for pandemic relief are making these niche players a bigger part of their financial game plan and are even considering getting rid of their traditional banks altogether. Loans from online lenders have saved thousands of small business ownersRead More →
GURUGRAM, India, May 19, 2021 / PRNewswire / – While the Indonesian government has taken initiatives in industrial digitization, education and commerce, the country still lags behind other emerging countries in terms of digital adoption. Indonesia is placed as one of the largest economies in South East Asia where> 60%Read More →
GURUGRAM, India, May 19, 2021 / PRNewswire / – While the Indonesian government has taken initiatives for reasons of industrial digitization, education and commerce, the country still lags behind other emerging countries in terms of digital adoption. Indonesia is placed as one of the largest economies in South East AsiaRead More →
PORTLAND, Oregon – (COMMERCIAL THREAD) – CU Business Group, LLC (“CUBG”), the nation’s largest business services organization (“CUSO”), today announced that it has partnered with Community Capital Technology Inc. (“ Community Capital ”) to take advantage of the online loan marketplace and business intelligence platform to provide their credit unionRead More →
Bombay: The Reserve Bank of India (RBI) reached out to Google, the Digital Lenders Association (DLAI), the fintech association FACE and several non-bank lenders for information on how to regulate digital lenders, three people familiar with the report said. development. RBI’s Digital Lending Task Force has asked Google for detailsRead More →
Scammers run bogus call centers and scam people to transfer money to them online under the guise of processing loans, police say The Adyar Cyber Crime Cell dismantled another online loan scam and arrested two defendants, including a woman who cheated on many people after collecting money under the pretextRead More →
People struggling with debt during the pandemic are being “tricked” by online loan companies claiming to help them. StepChange, which offers free debt advice, says it is being spoofed online by companies that earn commission to set up repayment plans. The charity has sounded the alarm after the latest governmentRead More →
(ProNewsReport Editorial): – Jakarta, Indonesia, February 20, 2021 (Issuewire.com) – Ready, or pinjaman uang, is a loan system that has long been part of the human economy. You will find that there are many types of loans out there today, from personal loans to payday loans to cash advances. WithRead More →
Standard Bank’s goal is to make it easier for businesses to grow in these difficult times. (Image: Supplied) More and more businesses are turning to online lenders for quick approval and instant access to finance, even when it comes to sky-high interest rates. Standard Bank believes in supporting businesses byRead More →
Hyderabad: Google has removed around 100 instant online loan applications from December 2020 to January 20, 2021, the central government said. It comes after several cases of “suicides” were reported in Telangana, Andhra Pradesh and other Indian states due to harassment from online pawn shops. The Department of Electronics andRead More →
App-based personal loans that turn out to be deadly traps have long gone unnoticed as they fall outside of Reserve Bank of India (RBI) regulation. But as the predatory nature of these apps is exposed, there is a growing call to regulate them. bccl / file The The Delhi HighRead More →
The Delhi High Court on Friday requested the Center and RBI’s response to a PIL aimed at regulating online lending platforms offering short-term personal loans at outrageous interest rates through mobile apps, and allegedly humiliating and harassing people for late repayment. A bench of Chief Justice DN Patel and JusticeRead More →
HYDERABAD: A Chinese national and a native of Mumbai were arrested Wednesday by police in Rachakonda as part of the ongoing investigation into illegal online instant loan applications. Officials froze Rs 28 crore in their bank accounts. Jian aka Mark (26) and Vivek Kumar (26) are associated with Ajaya SolutionsRead More →
Short term loans from mobile apps might sound attractive and really useful, but they are also dangerous and ruthless when it comes to recovering. Fintech apps, which offer quick loans, are usually not registered with the Reserve Bank of India and therefore do not follow any guidelines or protocols definedRead More →
Undeterred by the police investigation into app-based loan finance companies, loan collection calls to clients ultimately force them to end their lives. On Saturday, G. Chandra Mohan, 36, supervisor of a private warehouse, committed suicide at his residence in the village of Gundla Pochamma in Pet-Basheerabad in the district ofRead More →
Unable to resist alleged harassment from microfinance loan application companies, a private sector employee committed suicide on Saturday morning at his residence in Gundla Pochamma village in Pet-Basheerabad, Medchal-Malkajgiri district . This is the fifth ‘forced suicide’ in Telangana due to harassment from online lenders and public disgrace. The victim,Read More →
With increasing numbers of suicides due to harassment and public disgrace from instant app-based loan providers, Cyberabad Police Commissioner VC Sajjanar urged the public not to download loan apps snapshot not allowed. He also advised those on loan not to resort to any extreme acts and instead to turn toRead More →
Investigations into the mobile app loan racket dismantled by the CID revealed that the defendant would not only harass and threaten customers who defaulted on interest payments or repaying the loan amount, but also hacked their cell phones, including including their contacts and photos. Using this personal data, they allegedlyRead More →
South Carolina, September 25, 2020 (GLOBE NEWSWIRE) – South Carolina – Minute Loan Center has served hardworking Americans from coast to coast for more than twenty-five years through their physical locations in the Delaware, Mississippi, Missouri, Nevada and Utah. They have now expanded their services to include fully online applications,Read More →
South Carolina, September 25, 2020 (GLOBE NEWSWIRE) – South Carolina – Minute Loan Center has served hardworking Americans from coast to coast for more than twenty-five years through their physical locations in the Delaware, Mississippi, Missouri, Nevada and Utah. They have now expanded their services to include fully online applications,Read More →
Editorial credit: Maradon 33 Ad Disclosure: We receive referral commissions from advertisers. Learn more Monevo is a personal loan market headquartered in San Diego, California. It is the largest marketplace and platform for personal loans in Europe. The wide choice of lenders allows Monevo to offer low rates within minutes.Read More →
Editorial credit: Maradon 33 Ad Disclosure: We earn referral fees from advertisers. Learn more Monevo is a personal loan marketplace headquartered in San Diego, California. It is the largest marketplace and platform for personal loans in Europe. The wide choice of lenders allows Monevo to offer low rates in justRead More →
When you browse the crowded pages of Google search results for a online loanIt can be difficult to decipher reputable predator lenders. These lenders, who resort to abusive or unfair practices, offer loans with high rates and excessively long or short repayment terms that make money for the lender butRead More →
When scouring the cluttered pages of Google search results for a low-cost loan, it can be hard to decipher reputable lenders from predators. These lenders, who use abusive or unfair practices, offer loans with high rates and excessively long or short repayment terms that bring money to the lender butRead More →
Financial technology (Fintech) and the Internet have enabled the creation of online lending markets. Lending in the market is made possible by technology platforms that use scoring algorithms to determine borrowers’ repayment capacity. Online lending platforms were first created by non-bank owners who act as brokers, collecting fees to matchRead More →