- Federal Competition and Consumer Protection Commission said it is looking to work on a new framework to protect loan apps
- It noted that consumers have taken to defaulting in payment after borrowing, knowing that the apps would not resort to harassment
- The Commission revealed that defaulters are the same set of people who collect loans from multiple other apps
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed its intention to develop a new regulatory framework.
