- Menacing messages, threats spiral along with debt
- Legal loophole creates Wild West for lending apps
- Complaints mount but regulators powerless to act
By Diana Baptista and Avi Asher -Schapiro
MEXICO CITY, Aug 11 (Thomson Reuters Foundation) – A week after Pedro Figueroa borrowed 10,000 pesos ($500) from José Cash, a popular Mexican lending app, the barrage of online abuse began.
A slew of WhatsApp messages swamped his phone, threatening harm – to him and his reputation – if he did not pay. Continue reading