Reuters: Scam loan apps extorting Mexicans thrive in Google Play Store

Reuters: Scam loan apps extorting Mexicans thrive in Google Play Store. “[Pedro] Figueroa is one of more than 2,230 people who fell prey to fraudulent loan apps in Mexico between June 2021 and January 2022, according to data compiled by the Citizen Council for Justice and Security, an advocacy group based in Mexico City. The Thomson Reuters Foundation found 29 loan apps with millions of downloads in the Google Play Store that have been reported to the authorities for extortion, fraud, violation of Mexican privacy law, and abusive financial practices.”

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