The Urgency of Consumer Protection Financial Technology Peer to Peer Lending Due to the Covid-19 Pandemic DEBORA
Doctor of Law Program, Faculty of Law, Universitas Sumatera Utara, Indonesia
Abstract
In March 2020, the World Health Organization stated Covid-19 is pandemic disease. The Indonesian government has taken actions to prevent the spreading of Covid-19 by limiting people^s activities. Covid 19 has resulted in people who loans at lending institutions, having difficulty paying installments. The government issues policies in response to the Covid-19 effect, such as economic relaxation. However, the policy did not cover consumers Fintech Peer to Peer (P2P) Lending, this created a legal vacumm. The problem in this research is the urgency of legal protection for Fintech P2P lending consumers during pandemic Covid-19. The purpose of this research is for OJK policy to issue a stimulus to Fintech P2P Lending consumers. This research applied juridicial normative methodology. It uses secondary data, which consists primary legal material, namely the OJK regulations on Covid-19 prevention and related literature, analyzed descriptively analytically. The research shows that consumer fintech P2P lending are affected by Covid-19 pandemic, so they need to get legal protection, in the form of stimulus given to lenders and borrowerof fintech P2P lending. In the current difficult situation, both the creditor and the debtor must survive together
Keywords: consumer, covid-19, Fintech peer to peer lending, legal protection
