<h1>Finance Minister Leads Meeting to Combat Predatory Loan Apps; Focus on Legal Whitelist, Cyber Awareness, and Compliance.</h1> The Finance Minister chaired a meeting addressing the rise of illegal loan apps, which exploit vulnerable individuals with high interest rates and predatory practices. Attendees included key government and RBI officials. Concerns were raised about money laundering, tax evasion, and data breaches through these apps. Decisions included creating a whitelist of legal apps, monitoring suspicious accounts, reviewing dormant NBFCs, and ensuring registration of payment aggregators. The Ministry of Corporate Affairs will identify and deregister shell companies. Efforts will be made to enhance cyber awareness among stakeholders, with regular monitoring by the Ministry of Finance to ensure compliance.