News Around 100 Fin-tech Companies’ Accounts Frozen By Enforcement Directorate The Enforcement Directorate (ED) froze accounts of over 100 fintech companies but has not provided reasons or an FIR yet, as per media reports Aarathi GanesanJune 9, 2022
News RBI cancels registrations of five NBFCs for predatory lending practices This sends a strong message to others in the digital lending space. Sarvesh MathiMay 26, 2022
News Delhi Police arrests 5 behind Chinese loan app for extortion The instant loan app's privacy policy had trouble written all over it. Aihik SurApril 18, 2022
News Hyderabad Police arrests two from Bengaluru for operating predatory loan apps under guidance of Chinese national To lure unsuspecting borrowers, predatory lending apps were found to advertise on popular social media platforms. Aihik SurMarch 11, 2022
News tl;dr Twitter builds site on Tor, Google buys Mandiant, CCI clears Amazon’s purchase, Gig app collects data for US Military, and more Twitter introduces Tor version after getting blocked in Russia Twitter launched a privacy-protected version of its platform on March 8, which can be accessed... Pallavi GuptaMarch 11, 2022
News Exclusive: MobiKwik accused of using tactics similar to Chinese loan apps for securing repayment Researchers tracking loan apps indicate that this isn't an isolated incident given that there are no regulations in place. Aihik SurFebruary 9, 2022
News Exclusive: RBI received 4000 complaints about lending apps since the pandemic began Predatory loan apps targetting gullible borrowers are thriving in India's unregulated waters, but that may not be for long. Nishant KauntiaNovember 30, 2021
News Summary: RBI report on regulating digital lending and curbing the menace of predatory lending apps Read the recommendations made by the working group set up by the RBI to study all aspects of digital lending. Sarvesh MathiNovember 25, 2021
News How predatory loan apps run fake ads on Google, Facebook to target vulnerable Indians Late-night calls and fake legal notices are some of the scare tactics used by loan apps that trap borrowers via fake ads. Nishant KauntiaSeptember 28, 2021
News China orders break up of Alipay and handover of user data under new rules for loan apps Ant Group, which owns Alipay, has been engaged in a tussle with Chinese regulators for some time now. MitakshSeptember 13, 2021