The Role Of The Financial Services Authority In Setting The Interest Rate For Financial Technology Loans As Consumer Protection Of Financial Services

The development of modern business in the digital era services non-bank financial institutions, which provides convenience and acceleration to consumers is Financial Technology. Peer-to-peer lending a fintech product that loans debtors at high interest rates. maximum loan rate set by Indonesian Joint Funding Fintech Association (AFPI) 0.8% per day. This determination very burdensome for debtor as consumer services, so there needs be protection regulation authorized institution. normative legal research aims determine role Services Authority determining Technology Loan Interest Rate Protection Consumers. results this study, an institution has authority regulate supervise bank issued Regulation no. 77/POJK.01/2016 concerning Information Technology-Based Lending Borrowing Services. In POJK, OJK does not providers are encouraged offer reasonable rates still within range.