Tag: Google Ban Fake Loan Apps

Introduction: Google deleted nearly 2,200 fake loan apps from the Play Store between September 2022 and August 2023, in a significant effort to safeguard customers from financial frauds. This preemptive move builds on the government's continuing efforts to prevent fraudulent loan applications and protect consumers from misleading lending practices.   Responding to concerns expressed in Parliament, Minister of State for Finance Bhagwat K Karad emphasized the combined efforts of the government and regulatory authorities such as the Reserve Bank of India (RBI) to combat the rising menace of fraudulent loan applications. Over the last two years, Google has reviewed hundreds of loan applications and suspended or removed over 4,700 fraudulent apps from the Play Store as part of this partn...