This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Indonesia opens cartel case against 97 online lenders over rate cap

By Roffie Kuniawan ( August 14, 2025, 14:06 GMT | Insight) -- Indonesia's competition regulator has begun hearings against 97 licensed online lenders accused of coordinating to set high daily interest rates through the Indonesian Joint Funding Fintech Association. Investigators at the Indonesian Competition Commission, or KPPU, allege that the association's members agreed on a 0.8 percent daily cap, above the 0.3 percent benchmark set by the Financial Services Authority, or OJK. However, the association denies any price-fixing, saying the cap was introduced at the OJK’s direction to protect borrowers from illegal lenders and predatory practices.The Indonesian Competition Commission, or KPPU, today opened hearings in a case against 97 licensed online lenders accused of coordinating to set high daily interest rates between October 2018 and March 2024....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections