Fintech Loan apps are waxing worriedly with Mr. Ngozi Dozie, a major player in the sector, and co-founder of Carbon Micro Finance, frowning at the new rule, describing it as discriminatory, according to HallmarkNews.com
The new regulation is in response to grievances from loan app users, who claimed devious lenders are using the content of borrowers’ smartphones for harassment, defamation and blackmail.
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