scorecardresearchAs new digital lending rules come into force, e-Lending complaints see a 40% fall

As new digital lending rules come into force, e-Lending complaints see a 40% fall

Updated: 25 Aug 2022, 12:20 PM IST
TL;DR.
Under the new rules, regulated entities are required to disclose all costs upfront in a digital loan product to customers and are not allowed to scrub or read borrowers’ smartphones.
Complaints see a 40 per cent decline in a month, says survey firm Local Circles

Complaints see a 40 per cent decline in a month, says survey firm Local Circles