Digital Lending WatchTower - #KillerLoanApps Predatory digital lending apps
Watchtower for Digital lending that looks at fly by night abusive digital 'lenders', 'fake' fintech apps and all things digital lending and consumer protections
2022 and Digital Lending Happy new year 2022! It has been a year since the #KillerLoanApps episode happened. more
Look into the operations of fly by night abusive digital ‘lenders’ and ‘fake’ fintech apps
As the pandemic induced economic slowdown is causing job losses, there have been a spurt in rise of digital lending, particularly small ticket size digital loan apps and their strong arm recovery tactics of cyber bullying, social shaming have led to several suicides. A closer look into these digital lending apps have brought to notice about range of illegalities around their operations. The session aims to break down these and give an overview on how to go about detecting these predatory fintech apps, their practices and also discuss potential solutions, including use of Supervisory Tech - with a demo.
Who should participate:
About the Speaker:
About CashlessConsumer: CashlessConsumer is a consumer collective working on digital payments to increase awareness, understand technology, produce / consume data, represent consumers in policy of digital payments ecosystem to voice consumer perspectives, concerns with a goal of moving towards a fair cashless society. Read more on the website, blog, follow @cashlessconsumer on Mastodon, join our chatter group on Telegram and watch our older conversations on Youtube