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A 42-year-old workplace assistant, who requested to not be named, was determined to renegotiate his mortgage after debt collectors for online lender Uang Express started calling his relatives and colleagues for reimbursement of his 2 million rupiah ($135) mortgage. Four people in Indonesia who didn’t repay loans on time advised Reuters that Chinese fintech lenders took control of their cellphone contacts – permission is granted when the app is installed — and harassed their colleagues and associates. In China, monetary regulators issued powerful new rules on online micro-lenders final December, after a barrage of criticism over their tactics.
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