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97 Indonesian online lenders fined record $44.6m for interest-rate cartel

By Roffie Kuniawan ( March 26, 2026, 14:13 GMT | Insight) -- Indonesia’s competition regulator on Thursday found 97 online lenders guilty of price fixing in the country’s fintech lending sector, imposing total fines of 755 billion rupiah ($47 million) — the largest penalty ever issued by the watchdog in a single case. The Indonesian Competition Commission imposed fines ranging from 1 billion rupiah to 102.3 billion rupiah. More than half of the companies — 52 lenders — received the minimum fine, while fintech lender AdaKami was handed the largest penalty.Indonesia's competition regulator has found 97 online lenders guilty of price fixing in the country’s fintech lending sector, imposing total fines of 755 billion rupiah ($47 million) — the largest penalty ever issued by the watchdog in a single case....

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