PAOCC swamped with complaints vs abusive online lenders
To assist victims, the commission has established a one-stop shop where the public can report harassment and intimidation by abusive platforms.
· 2 min read
Daily TribuneTopic
To assist victims, the commission has established a one-stop shop where the public can report harassment and intimidation by abusive platforms.
· 2 min read
Predatory lending doesn’t just harm individual borrowers, it also undermines trust in the entire financial system.
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In recent years, the SEC’s work has been thrust into the spotlight due to proliferating financial scams and abusive lending practices.
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It was Fuse Financing (formerly Fuse Lending, Inc.) that flagged the suspicious website allegedly using its previous corporate identity.
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The Securities and Exchange Commission (SEC) has ordered a lending company to immediately cease operations for allegedly exploiting the former name of GCash’s…
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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…
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The Securities and Exchange Commission (SEC) has warned the public against dealing with Jia Financing Inc., after suspending the company’s authority to operate…
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A substantial majority – 91.1 percent of banks – plan to keep lending standards for business borrowers unchanged.
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A delegation of Philippine judges and court officials, led by Supreme Court Associate Justice Amy C. Lazaro-Javier, took part in a series of international…
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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…
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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…
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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…
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Teodoro stressed that the Philippine position on the West Philippine Sea ‘is not a function of Sino-American strategic rivalry; it is caused by the overreach…
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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…
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‘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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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.
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