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How to Regulate an illegal platform in P2P Lending? (Evidence From Indonesia and Global Approach) Suryono, Arief; Kharisma, Dona Budi; Wanda Yunitha Purba, Agata
Pena Justisia: Media Komunikasi dan Kajian Hukum Vol. 23 No. 1 (2024): Pena Justisia
Publisher : Faculty of Law, Universitas Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31941/pj.v23i3.4444

Abstract

The aim of this studi is: (1) to scrutinize the legal predicaments pertaining to the governance of Peer-to-Peer (P2P) lending in Indonesia, by drawing comparisons with the regulatory frameworks of the United States and the United Kingdom, and (2) to devise the optimal legal mechanism for the regulation of P2P lending transactions. This study employs a normative legal research methodology utilizing comparative and legal approaches to investigate the regulatory frameworks for P2P lending in Indonesia, the United States, and the United Kingdom. The legal materials used in this study solely pertain to P2P lending regulations and were collected using library research techniques. The expansion of P2P lending in Indonesia has been impeded by the widespread prevalence of unlawful P2P lending practices. A comparative evaluation of the regulatory structures of the United States and the United Kingdom highlights that the insufficiency of regulatory measures has played a role in aggravating this issue. The UK's well-structured and comprehensive regulations, which provide robust protections, are worth emulating and implementing, especially considering that P2P lending in the UK is successful and dominates the European economic market. Meanwhile, the strict information disclosure and platform registration rules implemented in P2P lending in the United States are essential regulatory factors that the OJK should consider in its supervision of P2P lending in Indonesia.
Co-Authors Ade Izdihar, Raihan Adi Sulistiyono Adisty Ananda Putri Afrianarko, Fairuz Ahmad Jaeni Albertus Sentot Sudarwanto, Albertus Sentot Alya Para Mestri Amalia, Putri Nur Anom Dwi Prakoso Ardian, Kukuh Asna Zamharira Asya, Jasran Aulia Rahma, Anisa Ayu Sholihah, Zuliana Burhanudin Harahap Citra Amira Zolecha Citra Hafshah Maharani Dian Lukita Sari Diana Tantri Cahyaningsih Didik Gunawan Tamtomo Didik Tamtomo, Didik Dina Fiddaniah Dinda Bertha Ivana Dona Budi Kharisma, Dona Budi Endang Sutisna Sulaeman Faizal T.A., Muhammad Fernandes, Acacio Fitia Maulidia Rahma Fitriandi, Fitriandi Gusti Ayu Utami Hanifah Romadhoni Hanifah Romadhoni, Hanifah Hari Purwadi Hari Purwadi, Hari Hartono Putri, Earline Gracella Haryanto, Nanda Dwi Hasna Nailah Yustisiana Himawan, Hartani Hutama P, M. Bagas Indarto, Dono Indarto Indriyati Oktaviano Rahayuningrum Isharyanto Isharyanto ITOK DWI KURNIAWAN Ivana, Dinda Bertha Jamal Wiwoho Laksono Trisnantoro Linda Widyaningrum, Linda LINDAWATI Makbul, A. Makbul, Ahmad Monicha, Defi Muhammad Haikal Arsya Muliani, Candra Wiwit Mulyoto mulyoto Mustika Larasati Nanda Dwi Haryanto Oky Tiara Putri Pratiwi, Arinda Dyah Pratiwi, Danies Tunjung Pujiyono Pujiyono Putra, Bayu Setiawan Hendri Putri Hasan, Naomi Adinda Putri, Adisty Ananda Raharjo, Prasetyo Rahayuningrum, Indriyati Oktaviano Ridho, M Ghusni Rizkina, Silfi Robby Saprilla Manu Pratama Putra Rosita Tryas Fitriana Safira El Ulya Wahid Salsabila, Erdhyna‘Afifah Saptanti, Noor Sari, Silvi Triadita Sediyo, Panggih Sezia Nur Aini, Mutia Siallagan, Sahat Poltak Siti Aminah Siti Marfuah, Siti Siti Muslimah Suhadi Suhadi suraji suraji Susilo, Lukman Endro suwadi, pujiyono Tsania Nurul Azkia Tuhana Tuhana Vania Syane Gunawan, Irish Vita Dyah Mandasari Wahyu Fitria, Nabila Wanda Yunitha Purba, Agata Wariyanti, Astri Sri Yatmi Nengsih Yelina Rachma Pranamawati Yudho Taruno Muryanto Zamharira, Asna