Hyderabad Police Asks Google To Eject Over 100 Loan Apps Over Abuse
Hyderabad and Cyberabad police have urged Google to 42 and 116 digital lending apps respectively In November, Google had removed lending apps such as OkCash, Go Cash, Flip Cash, ECash and SnapIt Loan The RBI has mandated that digital lending platforms disclose the name of the partner banks and NBFCs upfront to all consumers Looking to crack down on instant loan apps facing scrutiny over harassing defaulters, Telangana Police had asked Google to remove 158 unauthorised lending apps from the Google Play Store, the primary storefront for apps on Android. This comes after complaints against representatives of loans apps harassing borrowers along with cases of suicide after collection agents contacted relatives and friends of the borrowers after they had defaulted on loans. The ease of digital lending makes it attractive for consumers, but the loan recovery methods used by these apps have been blamed for a spate of suicides in India in recent months. At least five people