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The new measures should help protect borrowers from predatory lending practices if implemented
The Federal Competition and Consumer Protection Commission (FCCPC) has released a fresh list of 154 companies it has approved to fully operate loan apps in the country.
The Federal Competition & Consumer Protection Commission (FCCPC) has delisted over 18 digital money lending companies from Google. FCCPC on behalf of
Commenting on a move to sanction more erring apps, Irukera stated, “Compliance with the guidelines is mandatory for all DMLs regardless of whether they intend to be placed on Playstore, operate by APK file formats or any other means for that matter. Failure to comply with the Guidelines is a violation of law and renders any such operation illegal.