ULJLS
Vol. 1 No. 2 (2023): Contemporary Legal Issues

The Role of Law in Improving Financial Literacy in Online Lending in the Context of Development Economic Law

Nurhilmiyah (Unknown)
Purba, Hasim (Unknown)
Sitompul, Zulkarnain (Unknown)
Azwar, T. Keizerina Devi (Unknown)



Article Info

Publish Date
11 Dec 2023

Abstract

Law is believed to be able to provide changes towards improving the nation's economy, and can also be a tool to engineer people's behavior in achieving their welfare. One of them is by increasing financial literacy in the field of online loans in the context of development economic law. In recent years since the mushrooming of information technology-based lending and borrowing service providers (LPB2TI) in Indonesia, there have been many legal events related to this online lending and borrowing transaction. Starting from the imposition of loan interest that exceeds the upper limit as determined by the strategic partner of the Financial Services Authority in this case appointed is the Indonesian Fintech Joint Funding Association (APFI), to the low public knowledge about their rights and obligations in the legal relationship of creditors or investors, information technology-based lending and borrowing service providers, and debtors or online loan customers. This is what makes writing this topic very important to pay attention to. In order to elaborate the role of law in increasing inclusive financial literacy in online loans in the context of Economic Development Law.

Copyrights © 2023






Journal Info

Abbrev

uljls

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

Ultimate Journal of Legal Studies (ULJLS) is a peer-reviewed journal published by Doctoral in Law Program, Universitas Sumatera Utara two times a year, in May and November. All papers submitted to this journal should be written in English. The aims of this journal is to provide a venue for ...