Jokowi Temporarily Stops New Loan Permits

President Joko Widodo ordered the Financial Services Authority (OJK) and the Ministry of Communications and Information Technology (Kominfo) to temporarily suspend (moratorium) the issuance of permits for loan companies. online (pinjol) the new legal.

The Minister of Communication and Information, Johhny G. Plate, said that this decision was taken because many illegal lending companies commit abuse or criminal acts within the scope of the loan business. online especially to the lower middle class society.

Minister of Communication and Information Johnny G Plate (right) and Chairman of the OJK DK Wimboh Santoso (left) were ordered by Jokowi to carry out a moratorium on the issuance of new legal loan permits.  (Photo: Courtesy/Setpres Bureau)

Minister of Communication and Information Johnny G Plate (right) and Chairman of the OJK DK Wimboh Santoso (left) were ordered by Jokowi to carry out a moratorium on the issuance of new legal loan permits. (Photo: Courtesy/Setpres Bureau)

“Mr. President gave very firm directions,” said Johnny after holding an Internal Meeting with President Jokowi, at the State Palace, Jakarta, Friday (15/10).

The directive is that the OJK will impose a moratorium on the issuance of fintech permits on loans online new law. As a result, Kominfo will also conduct a moratorium on the issuance of system operators online for loans or electronic system operators for loans online new

Johnny explained, in order to eradicate the existence of illegal Pinjol, his party had closed the 4,874 illegal accounts from 2018 to October 15, 2021. In 2021, he said, as many as 1,856 illegal Pinjol accounts spread on the website, Google Playstore, YouTube, Facebook and Instagram had been successfully closed. .

The logos of a number of online loan applications appear on the computer screen.  (Photo: screenshot/Fitri Wulandari/Mouab)

The logos of a number of online loan applications appear on the computer screen. (Photo: screenshot/Fitri Wulandari/Mouab)

“We will take decisive and uncompromising steps to rid the digital space of lending practices online illegal or borrowed online unregistered whose impact is so serious,” he said.

The National Police Chief, Johnny continued, will also take firm steps in the field. The authorities will not hesitate to detain, take action and legally process all loan crimes because the impact is small communities, especially people from the ultra micro sector and MSMEs.

“We will not open space and compromise,” he stressed.

Furthermore, Johhny said that governance within the scope of the online loan business must be considered and implemented properly. The reason is, there are approximately 68 million people who take part in it. In addition, the turnover or turnover of funds in the business reached more than Rp260 trillion.

Therefore, the Ministry of Communication and Information has established a digital economy forum which regularly holds monthly meetings to discuss the development, improvement, updating of digital spaces and digital economy transactions, as well as preventing loans. online illegal. The establishment of the forum aims to prevent criminal acts in the loan business online it going forward.

“Kominfo will clean up its digital space, men-take down firmly and quickly, at the same time law enforcement by the National Police Chief will take firm steps against other unregistered online loan criminals,” he explained.

Minister of Communication and Information Johnny G Plate (right) and Chairman of the OJK DK Wimboh Santoso (left) were ordered by Jokowi to carry out a moratorium on the issuance of new legal loan permits.  (Photo: Courtesy/Setpres Bureau)

Minister of Communication and Information Johnny G Plate (right) and Chairman of the OJK DK Wimboh Santoso (left) were ordered by Jokowi to carry out a moratorium on the issuance of new legal loan permits. (Photo: Courtesy/Setpres Bureau)

Pemberantasan Pinjol Illegal

Chairman of the Board of Commissioners of the Financial Services Authority (OJK), Wimboh Santoso, appealed to the public to make loans to legal loan companies that have been registered and given permission by the OJK if they need loan funds. To date, said Wimboh, the number has reached 107 legal lending companies, the list of which can be viewed directly by the public on the OJK website.

“We know that in the field there are a lot of online loan products offered by companies that are not registered with the OJK. If this is not registered, it can be seen that there are lots of public reports that the interest rates are high, and the collection violates the rules, violates the rules, violates ethics. These are all our common challenges, if they are not registered, they must be closed,” said Wimboh.

In order to overcome this problem, his party together with the National Police Chief, Kemenkominfo, Bank Indonesia and the Ministry of Cooperatives and MSMEs have a mutual agreement letter to eradicate the illegal lending company by legally processing various forms of violations that have been committed.

“The joint agreement to eradicate all of these loans, among others, must close the platform and also be processed legally in any form. Want cooperative? payment, peer to peer Everything is the same. For this reason, the immediate and massive eradication is our joint agenda, especially the OJK and the National Police Chief as well as Kominfo. And this is so that people don’t get caught up in loan offers that are illegally borrowed,” he said.

A teller piles Indonesian Rupiah at a currency counter inside a money changer in Jakarta.  Many people are entangled in illegal online loans which are very detrimental. (Photo: Reuters/Nyimas Laula)

A teller piles Indonesian Rupiah at a currency counter inside a money changer in Jakarta. Many people are entangled in illegal online loans which are very detrimental. (Photo: Reuters/Nyimas Laula)

On the other hand, OJK will also improve the service quality of the 107 existing legal lending companies. This legal loan company, he said, must join the association financial technology (fintech) to provide guidance, so that business actors in this field can more effectively provide loans that are cheap, fast and do not cause excess collections that violate the rules and ethics.

“For those who have registered, we will continue to improve so that they can provide better services, lower interest rates, and also the collections must continue to be increased so as not to cause excesses in the field,” he concluded. [gi/ah]

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