Loan Apps

Loan Sharks’ Days Numbered As FCCPC Targets Apps Harassing Customers

May 5, 2024. by Ekohot Editor

Harassment of customers by loan apps to be addressed Inter-agency collaboration to block offending platforms Strict measures to protect consumer rights Eko Hot Blog reports that the Federal Competition and Consumer Protection Commission (FCCPC) is taking decisive action against loan apps notorious for harassing customers. Moreover, the commission’s acting chairman, Adamu Abdullahi, revealed the agency’s … Read more

FG Delists 37 Illegal Loan Apps (Full List)

Sep 12, 2023. by Ekohot Editor

Eko Hot Blog reports that the Federal Competition and Consumer Protection Commission (FCCPC) in a new report announced that thirty-seven loan applications have been delisted. The commission revealed that the delisted loan applications increased from nine to thirty-seven. The number of fully approved loan apps also grew to 164 from 154 as of its last … Read more

FG Deletes All Approved Loan Apps From Database For Service Review

Aug 1, 2023. by Ekohot Editor

Eko Hot Blog reports that the Federal Competition and Consumer Protection Commission (FCCPC) has taken action to clean up its database by removing all approved loan apps, also known as Digital Money Lenders (DMLs). The move comes after concerns were raised regarding the conduct of some registered digital lenders who allegedly defamed and harassed their … Read more

FG Bars Online Banks From Accessing Customers’ Contacts, Photos

Apr 10, 2023. by Otunba T.J Abass

FG has prohibited online Banks from accessing customers’ photos and contact information. EKO HOT BLOG reports that Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as the Federal Government said it would enforce the latest policy by Google, saying the action … Read more