Lender, not borrower, should bear risk in digital lending
Predatory lending doesn’t just harm individual borrowers, it also undermines trust in the entire financial system.
· 3 min read
Daily TribuneTopic
Predatory lending doesn’t just harm individual borrowers, it also undermines trust in the entire financial system.
· 3 min read
In recent years, the SEC’s work has been thrust into the spotlight due to proliferating financial scams and abusive lending practices.
· 4 min read
It was Fuse Financing (formerly Fuse Lending, Inc.) that flagged the suspicious website allegedly using its previous corporate identity.
· 1 min read
The Securities and Exchange Commission (SEC) has ordered a lending company to immediately cease operations for allegedly exploiting the former name of GCash’s…
· 1 min read
Online lending app (OLA) operations and their ill effects are proving far worse than those of POGO and online gambling and should be banned altogether.
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The Securities and Exchange Commission (SEC) has penalized two online lending firms for unfair collection tactics and misleading loan terms to protect…
· 2 min read
The Securities and Exchange Commission (SEC) has warned the public against dealing with Jia Financing Inc., after suspending the company’s authority to operate…
· 1 min read
A substantial majority – 91.1 percent of banks – plan to keep lending standards for business borrowers unchanged.
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US foreign aid had particularly played a critical role in tackling poverty, hunger and inequality worldwide.
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Senator Win Gatchalian on Monday filed the proposed Fair Debt Collection Practices Act, a priority measure for the 20th Congress, aiming to hold abusive online…
· 1 min read
ABUJA (AFP) — A strike by elementary school teachers in Nigeria’s capital is dragging into its fourth month, as workers demand to be paid the minimum wage…
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The Securities and Exchange Commission (SEC) has warned the public against transacting with Zada Cash and Bloom Cash after issuing a cease-and-desist order…
· 1 min read
The Securities and Exchange Commission (SEC) has warned the public against transacting with Zada Cash and Bloom Cash after it issued a cease and desist order…
· 1 min read
Universal and commercial banks slowed lending in April by 11.2 percent from 11.8 percent in March on an annual basis due to weaker demand for business loans.
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The Commission also issued separate orders on 19 May for the revocation of the corporate registration of nine more companies for continuing noncompliance with…
· 2 min read
‘As the SEC continues to perform its mandate of investor protection, it remains firm that unethical collection practices have no place in our financial system.’
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Taiwan will turn off its last nuclear reactor on Saturday, fueling concerns over the self-ruled island’s reliance on imported energy and vulnerability to a…
· 3 min read
Hoping to increase her profits, the victim said she was advised by a so-called ‘manager’ to take out loans from various online lending apps.
· 2 min read