FG to sanction online banks over customers rights violation
The Commission will be engaging approved loan apps concerning a more robust compliance framework where applicable
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The Commission will be engaging approved loan apps concerning a more robust compliance framework where applicable
The Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to release fresh regulations to tackle the increasing level of indebtedness to digital money lenders (DMLs) by borrowers. | Pulse Nigeria
In a conversation with Funsho Akinwumi, Deputy CEO of Renmoney, a prominent banking and lending platform in Nigeria, we delved into Nigeria's lending infrastructure and space.
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it has registered and approved 211 loan apps, by the end of October 2023. The commission, in a statement over the weekend, said the 211 companies comprise 172 that have received full approval from it and 39 others with conditional approval. Daily Trust…
The Federal Competition and Consumer Protection Commission, FCCPC, says it has registered and approved 211 digital loan apps at the end of October 2023.