Abstract
This article aimed to examines the mechanism of consumer lending protection in peer to peer lending (P2P Lending) on lending and borrowing transactions. As December 2018, the Financial Services Authority announced that the total number of registered and licensed Fintech P2P Lending providers was 88 companies and there were 227 Fintech P2P Lending entities that were not registered and licensed by the Financial Services Authority. In Fintech P2P Lending, people can invest money as loan funds and receive major returns every year, therefore Fintech P2P Lending is a prospective business of lending and borrowing money online. Although Fintech P2P Lending can be a prospective business area, it is not uncommon for the borrower to default. Fintech providers do not guarantee in progress loans if they fail to return. Because the provider is not a party to the loan lending agreement made by the lender and the borrower. This article uses prescriptive, normative research.
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