Google cracks down on personal loan apps in India following abuse and outcry – ClearTips

Google expands languages push in India to serve non-English speakers – TechCrunch

Google said on Thursday that it had pulled some personal loan apps from the Play Store in India and is implementing strong measures to prevent the misuse of reports that said several companies were targeting vulnerable borrowers in the country And then going to extreme lengths to recover her money.

The Android-making company said that users and government agencies in India recently marked several personal loan apps and the company reviewed hundreds of them. The review identified the number of apps that violated the Play Store’s security policies and was immediately removed from the store.

Google said that it has asked the developers of the remaining identified apps to demonstrate that their applications are in compliance with applicable local laws and regulations. “Apps that fail to do so will be removed without further notice. In addition, we will continue to assist law enforcement agencies in investigating this issue, ”the company said.

Users have identified a number of lending apps in India in recent months, including 10MinuteLoan and Ex-Wealth, for short term loans to people without much verification to determine their eligibility. )) And then levied the vertical processing fee.

To avoid such misuse, Google said that the Play Store would allow only those individual apps for which customers would have to make their payments in 60 days or more.

When borrowers struggled to repay their loans in the short term, some lending apps on behalf of collection agents threatened to embarrass them in front of their friends, co-workers and family, among other tactics. In November, the local newspaper Indian Express reported that a 23-year-old man committed suicide by getting fed up with a money lending app.

“To protect user privacy, developers should only request permissions that are required to implement current features or services. They should not use permissions that provide access to user or device data for undeclared, unqualified, or disallowed features or purposes. Developers should only use the data for the purposes that the user has agreed to, and if they later want to use the data for other purposes, they must seek the user’s permission for additional use, ”Suzanne Frey , Vice President, Product, Android Security and Privacy, in a blog post.

More to follow…

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