Digital Lending Regulations 2025: FCCPC Oversight

The Federal Competition and Consumer Protection Commission (the "Commission") on July 24, 2025 introduced the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulation 2025 (the "Regulation").

In 2022, the Commission had issued the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending which sought to regulate the affairs of all digital lenders via registration with the FCCPC. Subsequently, the Commission issued the Regulation, which applies to consumer lending transactions involving cash, airtime, data, and other forms of barter in exchange for specific or verifiable monetary value. The Regulation provides comprehensive guidance on the requirement for registration of lending service providers, consumer protection measures and penalties for default or unethical practices.