Illegal Fintech Lending (Review of Financial Services Authority Regulation Number: 77/Financial Services Authority.01/2016)

Adnan Septian Ardhana, Nur Mohamad Kasim


This study discusses the effectiveness of the application of the OJK Number: 77 / POJK.01/2016 concerning Information Technology-Based Money Lending Services. This study uses normative juridical research (normative law research). Normative juridical research refers to legal norms contained in legislation, Court decisions, legal theory and scholar's opinions and norms that exist in society. The approach used in the study is a normative juridical approach, then the approach taken in this paper is the approach to legislation, case approach and conceptual approach. In the study concluded that there are five (5) factors that cause the ineffectiveness of the application of this regulation are as follows; 1). Legal factors; 2). Law enforcement Factors; 3). Factors of law enforcement means; 4). Community factors; 5). Cultural factors.

Full Text:



Abdullah, Thamrin, and Shinta Wahjusaputri. 2018. Banks and Financial Institutions . Jakarta: Media Discourse Partners.

Come on, Helfie. 2021. "Online loan agreements in terms of the principle of good faith in relation to article 1321 of the Indonesian Civil Code." PANJI KEADILAN National Scientific Journal of Law Students 4 (1): 126–33.

Bestari, Novina Putri. 2022. “Latest List of Illegal Loans 2022, Be Careful Don't Get Trapped!” CNBC Indonesia. 2022.

Christiani, Theresia Anita. 2016. Bank Indonesia and the Financial Services Authority in a Legal Perspective . Yogyakarta: Atma Light Pustaka.

Fais, Kalsum. 2021. "Legal Protection for Users of Information Technology-Based Money Lending Services." Al-Adl : Journal of Law 13 (1): 70.

Miru, Ahmadis. 2020. Contract Law & Contract Drafting . Depok: Rajawali Press.

Muhammad, Abdulkadir. 2004. Law and Legal Research . Bandung: Citra Aditya Bakti.

Novinna, Veronica. 2020. "Consumer Protection From Dissemination of Personal Data by Third Parties: The Case of Fintech Peer "To Peer Lending"." Udayana Master Law Journal 9 (1): 92.

Santoso, Aprih, Sri Yuni Widowati, and Nunik Kusnilawati. 2022. “Finance-Debt Behavior : Measuring the Determining Factors.” Owners 6 (4): 4232–39.

Shintia, Lita. 2020. "The Role of the Financial Services Authority in Supervising and Regulating the Development of Financial Technology Institutions (Case Study of the OJK NTB Office)." Scientific Journal of the Faculty of Law, University of Mataram 1 (2): 2.

Soekanto, Soerjono. 1976. Some Legal Issues Within the Development Framework in Indonesia . Jakarta: University of Indonesia Press.

Suharnoko. 2014. Law of Agreement Theory and Case Analysis . Jakarta: Prenada Media Group.

Wajuba, Ladi, Perdini Fisabilillah, and Nurul Hanifa. 2021. "Analysis of the Influence of Fintech Lending on the Indonesian Economy." Indonesian Journal of Economics, Entrepreneurship and Innovation 1 (3): 2721–8287.

Widjaja, Gunawan. 2022. "Consumer Understanding of Online Loans (Pinjol) in Jakarta." PKM : Journal of Community Service 2 (2): 89–93.



  • There are currently no refbacks.

Copyright (c) 2022 Adnan Septian Ardhana

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.