PEMBANGUNAN HUKUM: PERAN HUKUM DALAM MENINGKATKAN LITERASI KEUANGAN INKLUSIF PADA PINJAMAN ONLINE

Abstract

Law has the power to improve the national economy and public welfare through public behavior. One
of the methods is increasing financial literacy on online loans in the context of economic development
law. There have been many legal cases related to peer-to-peer lending (P2PL) since its proliferation in
Indonesia. For example, many parties impose interest rates that exceed the upper limit set by the
strategic partner of the Financial Services Authority (OJK, Otoritas Jasa Keuangan), the Indonesian
Fintech Joint Funding Association (APFI, Asosiasi Pendanaan Bersama Fintech Indonesia). In
addition, there is minimal public knowledge regarding their rights and obligations towards creditors
or investors, loan service providers, information technology-based money lending services, and other
debtors or online loan customers. These examples emphasize the importance of studies regarding this
topic. This study aims to elaborate on the role of law in increasing inclusive financial literacy on online
loans in the context of economic development law.