Legal Protection for Financial Technology Peer to Peer Lending Customers in Indonesia

Wawan Setiabudi, Pramandyah Fitah Kusuma, Nur Hidayatul Fithri, Mochammad Suhadi


Research in this article was funded By Research And Community Service Directorate (Direktorat Riset Dan Pengabdian Masyarakat), Deputy For Research and Development Reinforcement, Ministry Of Research And Technology/National Reseacrh And Inovation Agency, Republic Of Indonesia, Fiscal Year of 2020.


A financial institution that provides technology-based money lending services or financial technology peer to peer lending (fintech P2P lending) is expected to be a solution for people in Indonesia who are unable to access conventional banking services. However, in line with the developments, there are also a presence of legal problems relating to the growing number of illegal fintech P2P lending companies which are harmful to the people who use these financial institutions. This article is the result of research related to the legal protection of Fintech P2P Lending customers in Indonesia. This study applied the normative legal research method with the theory of legal protection as the analysis theory. The approaches used were the statute approach and the conceptual approach. The result of the study showed that legal protection for fintech P2P lending customers has been sufficiently regulated, but the regulation is still partial and spread out in various laws and regulations. In the future, comprehensive regulations related to the legal protection of fintech P2P lending customers are urgently needed.

Keywords: legal protection, consumers protection, fintech P2P lending.

DOI: 10.7176/JLPG/102-08

Publication date:October 31st 2020

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