Loan Sharks to Face N100m Fine for Consumer Abuse, Data Privacy Breaches

Nigeriacommunicationsweek | 04-09-2025 12:22pm |

Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints and a variety of issues. These include exploitative practices, data privacy violations, abusive loan recovery tactics, harassment, and anti-competitive behaviour by certain digital lenders and their

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