The Chile Financial Market Commission (CMF) issued a public warning about 24 mobile applications that are not supervised by the CMF and that offer allegedly usurious loans, including apps available for download via Google Play and other websites. It also indicated it will file complaints with the Public Prosecutor’s Office against those responsible for the listed applications. The CMF directed consumers to its website Fraud Alerts Page, which allows investors, policyholders, and banking customers to check whether an entity or individual offering financial products or services is supervised by the CMF, review alerts issued by the CMF and other foreign regulators regarding unregulated entities or activities, and access other guidance aimed at protecting financial clients.
Chile Financial Market Commission 2025-06-10
Chile Financial Market Commission warns consumers about 24 unregulated loan apps and plans criminal complaints
The Chile Financial Market Commission (CMF) issued a warning about 24 unsupervised mobile applications offering allegedly usurious loans, available on platforms like Google Play. The CMF plans to file complaints with the Public Prosecutor’s Office against those responsible. Consumers are advised to use the CMF's Fraud Alerts Page to verify the supervision status of financial service providers.