KORIAT FINTECH UPDATE: THE EXPOSURE OF DIGITAL LENDERS UNDER THE NEW FCCPC REGULATIONS

Introduction On the 25th of July 2025, the Federal Competition and Consumer Protection Commission (FCCPC) welcomed a new era of regulation with the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025 (the Digital Lending Regulations). While these rules establish clear licensing, registration, and disclosure requirements, their real impact will be felt in how they penalise non-compliance. The new regulation makes it clear that digital lenders, who fail to register, renew, or comply with reporting obligations, face not only financial penalties but also reputational and operational risks. This article looks at the exposure of digital lenders under the new FCCPC … Continue reading KORIAT FINTECH UPDATE: THE EXPOSURE OF DIGITAL LENDERS UNDER THE NEW FCCPC REGULATIONS