News > Fintech Asso for Consumer Empowerment applies to RBI for SRO role in digital lending

Fintech Asso for Consumer Empowerment applies to RBI for SRO role in digital lending

Fintech Association for Consumer Empowerment (FACE), India’s only Digital Lenders industry body, announced today that they have applied to RBI to take on the role of a Self-Regulatory Organisation (SRO) in the digital lending industry.

FACE member companies cater to more than half of the consumer lending market volumes in India. SROs are non-governmental organisations that set and enforce rules and standards relating to the conduct of entities in their respective segments