Abstract

This study aims to evaluate the effectiveness of fintech lending regulations in Indonesia, identify existing issues, and contribute recommendations for future improvements. The study used a qualitative approach that focused on process and meaning by using statutory and conceptual approaches from a normative juridical perspective. Data were collected through document or literature studies, complemented by primary data sources, and analyzed qualitatively using a descriptive-analytic method. The study found that although various efforts have been made to regulate fintech lending in Indonesia, significant issues still need to be addressed. The prevalence of illegal fintech loans and a lack of consumer protection are two major concerns that need urgent attention. The study suggests that regulators must take firm and decisive action to curb the growth of illegal fintech lending and improve consumer protection by imposing strict sanctions and strengthening regulations. By taking these steps, Indonesia can create a more favorable environment for fintech lending, promote financial inclusion, and protect consumers' interests. This can assist in ensuring that the regulatory framework keeps up with the rapidly evolving fintech industry while protecting the interests of all stakeholders.