Legal Protection For Victims Of Illegal Online Loans In Cirebon City

Abstract

The growth of financial technology has increased the use of online lending services in Indonesia while simultaneously encouraging the emergence of illegal online lending practices. This study aims to analyze the legal framework, the implementation of legal protection and the obstacles to protecting victims of illegal online lending in Cirebon City. An empirical juridical method with a qualitative approach was employed through library research and interviews. The findings indicate that legal protection has been regulated under several laws and regulations; however, its implementation remains ineffective due to low legal literacy, weak supervision and limitations in cyber law enforcement. Strengthening legal education, inter-agency coordination and technology-based supervision is necessary to improve victim protection.