A.P. police to take Interpol’s help to arrest loan app organisers abroad #KillerLoanApps https://www.thehindu.com/news/national/andhra-pradesh/ap-police-to-take-interpols-help-to-arrest-loan-app-organisers-abroad/article66011049.ece

#KillerLoanApps - @RBI @DasShaktikanta being numb even after "last week's incidence of a young pregnant woman being mowed down by the recovery agents of Mahindra Finance which financed her father's tractor in Bihar."
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RT @dna
#RBI warns against the mushrooming of #digitallending apps, wants to follow rules

https://www.dnaindia.com/personal-finance/report-rbi-warns-against-the-mushrooming-of-digital-lending-apps-wants-to-follow-rules-2987174
https://twitter.com/dna/status/1572865637231505411

Neither anyone in @RBI was accountable for dozens of #KillerLoanApps deaths nor anyone from #BullyStack for hundreds / 1000s left hungry without food for their botched up stackware
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RT @CRC4D
Australia. New chapter in The Identification Contrarevolution

Royal Commission to investigate Robodebt stupidity.

Refer @cgd, @WorldBank #ID4D (uh, "End Poverty"). A similar governance-on-stack-steroids sunk the Dutch government.

https://www.thegu…
https://twitter.com/CRC4D/status/1562995241069596677

https://techpolicy.press/mexican-loan-apps-extortion-and-the-google-play-store/

#KillerLoanApps in Mexico. The coordination of central banks and @Google in being complicit is spectacularly similar across developing economies. This is war/loot on poor that's aided by big finance and big tech.

So much words to say - we will not regulate #KillerLoanApps / digital lending - only advice from distance.

In the recommendations of WGDL accepted by @RBI - RBI in itself - doesn't collect *any* data about Digital lending apps. If you don't have data - pontifying is useless

RBI is protecting, only after customers are also dead. #KillerLoanApps
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RT @Ravisutanjani
@adi_thatipalli Recent developments

• Restricted Mastercard, Amex, Diners etc from onboarding new customers due to data localisation

• Paytm Payments Bank

• PPI BNPL guidelines

• Card Tokenisation, Recurring Subscription etc

Businesses might cry but RBI is indeed protecting consumers.
https://twitter.com/Ravisutanjani/status/1548240207098814464

RazorPay (and other payment aggregators) got well trained in blocking - during the #KillerLoanApps - that they just deactivate without any formal communique / court order.

Will @Razorpay put a transparency dashboard on LEA requests that come with order / oral LEA requests?
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RT @kavita_krishnan
Police requests, @Razorpay promptly obeys - and THEN gets clarity & undoes the damage. When your first instinct is to obey the police, …
https://twitter.com/kavita_krishnan/status/1544190800262987776

1. The government is hardly working on #KillerLoanApps. 2.5 years is half a term - and they haven't banned anything but few NBFCs yet.

2. The harms of #DigitalLending are borderless - So Chinese / Indian - all the same.
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RT @ratneshkumar684
The government is working hard to ban Chinese apps from disbursing loans and harassing/blackmailing people, and here is ZestMoney looting customers. No doubt, I am capable. I can pay the 560…
https://twitter.com/ratneshkumar684/status/1539159680395915264

#KillerLoanApps - @RBI inaction in having any sort of regulatory supervision is leaving everyone as suspect and go through pain.

I wish the funded startups in lobby groups that promote self regulation get this ED treatment.
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RT @livemint
#MintPremium | Around 15-20 fintech firms have got a reprieve, including Pagarbook, Progcap and Krazybee, an official aware of the matter said.

(By @artijourno)

https://www.livemint.com/news/india/…
https://twitter.com/livemint/status/1534698749267570689

#KillerLoanApps
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RT @artijourno
Clean-up exercise!
RBI cancels registrations of five NBFCs over unfair lending practices. Also, listed loan apps these NBFCs were powering.
https://twitter.com/artijourno/status/1529466861217140737

and @RBI did 2 public consultations and did nothing to introduce competition. #NUE

or yet to regulate the #KillerLoanApps after 2 full years and few dozen suicides.

The regulatory capture is hurting *everyone*. They will also shoot on their own foot soon.
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RT @nixxin
RBI did no public consultation regarding recurring payments. Market suffered. Ditto data localisation.

CERT-in didnt reg cybersecurity directions. Market is going to suf…
https://twitter.com/nixxin/status/1527532189440544768

#KillerLoanApps
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RT @thenewsminute
From today, personal loan apps need to give #Google extra proof of eligibility
https://www.thenewsminute.com/article/today-personal-loan-apps-need-give-google-extra-proof-eligibility-163829.
https://twitter.com/thenewsminute/status/1524308990221746176

And India boasts of its Fintech sector.

RT @logic@twitter.com

Do not download loan apps, Do not take loans. #KillerLoanApps

Do not engage with #BFSI sector - for they are such a scam. https://twitter.com/CyberCrimeshyd/status/1523144017948868608

🐦🔗: https://twitter.com/logic/status/1523144610784047105

And India boasts of its Fintech sector.

RT @logic@twitter.com

Do not download loan apps, Do not take loans. #KillerLoanApps

Do not engage with #BFSI sector - for they are such a scam. https://twitter.com/CyberCrimeshyd/status/1523144017948868608

🐦🔗: https://twitter.com/logic/status/1523144610784047105

Do not download loan apps, Do not take loans. #KillerLoanApps

Do not engage with #BFSI sector - for they are such a scam.
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RT @CyberCrimeshyd

https://twitter.com/CyberCrimeshyd/status/1523144017948868608

Money laundering, extortion, morphing, illegal gambling, WhatsApp spoofing, personal data exfiltaration - Just a small list of crimes that go along with #KillerLoanApps - This is the cost at which fintech growth / digital lending is being happening.

Blood in everyone's hands

#Killerloanapps blood is on your hands @RBI stay blessed.
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RT @being_thamarai
Firend Online app ல பெரிய amount கடன் வாங்கிருந்தான் கடைசி 10 ஆயிரம் கட்டலனு அவன் Wife போட்டோவ porn photo ல மார்பிங் பண்ணி அவன் contact ல இருக்க எல்லாருக்கம் அனுப்பிட்டான் அவமானம் தாங்காம suicide பண்ணிட்டான்
Twin girl babies பிறந்து 50 நாள் தான் ஆகுது watha 😭
https://twitter.com/being_thamarai/status/1513892185468542985

The obsession for 'eyeball catching' videos (as against data that reveal much more) is worrysome. Been facing this on #KillerLoanApps stories with multiple reporters.

We know where 10-minute loans have led to. #KillerLoanApps
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RT @prasanto
Any thoughts on 10-Minute Surgeries? How about 10-minute doctor appointments?

"10 dollars 10 minutes" - I recall that was the USP of the hair salon I'd gone to a decade or so ago in Singapore. Worked very nicely. (Was SGD 10, and yes, in and out in ten min)
https://twitter.com/prasanto/status/1506470944944099335

#WorldConsumerRightsDay #FairDigitalFinance #HallOfShame - Abuse enabler award goes to @ADVANCEAI_ for enabling facial recognition and facial multi loan score data provider to every one of the abusive #KillerLoanApps