MSME loans up 10.8% amid BSP post-quota support
The Bangko Sentral ng Pilipinas (BSP) clarified that the mandatory credit quota for micro, small and medium enterprises (MSMEs) under the Magna Carta has…
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Daily TribuneTopic
The Bangko Sentral ng Pilipinas (BSP) clarified that the mandatory credit quota for micro, small and medium enterprises (MSMEs) under the Magna Carta has…
· 2 MIN READ
On social media platforms like Facebook and Reddit, tens of thousands of borrowers daily share distressing stories of harassment by collection agents.
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The orders also apply to the companies’ owners, operators, promoters, representatives, agents, and all other persons acting on their behalf.
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‘We now focus on lending in shorter terms – typically three to six months – and in smaller bite sizes, averaging around P25,000 to P30,000.’
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dtThe number of beneficiaries of the Social Housing Finance Corporation’s (SHFC) Enhanced Community Mortgage Program (ECMP) has reached more than 2,200,…
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To assist victims, the commission has established a one-stop shop where the public can report harassment and intimidation by abusive platforms.
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More than 80 families in Las Piñas City have formally secured ownership of the land where their houses stand, following the awarding of land titles by the…
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Predatory lending doesn’t just harm individual borrowers, it also undermines trust in the entire financial system.
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For hundreds of low-income families, the dream of owning the land beneath their homes is becoming a reality as the Social Housing Finance Corporation (SHFC)…
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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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As the Community Mortgage Program turns 37, SHFC — under the guidance of president and Chief Executive Officer Federico Laxa — ushers in four new ECMP…
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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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In March, NHMFC successfully launched its seventh securitization offering, raising P1.3 billion through the issuance of NHMFC Bonds 2024.
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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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