Informal Lenders

SEC Suspends Over 100 Lending Companies Nationwide

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Lending Companies Nationwide

Over 100 Lending Companies Nationwide Suspended By SEC The Securities and Exchange Commission (SEC) suspends more than 100 lending companies nationwide due to alleged law violations. Last month, 84 lending companies have been suspended by SEC for failing to obtain a Certificate of Authority (CA), which is necessary for the operations of lending companies. CA … Read more

“5-6” Unlicensed Lending Businesses, Next Government Target

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Unlicensed Lending Businesses

Securities and Exchange Commission (SEC) To Crackdown “5-6” Unlicensed Lending Businesses Unlicensed lending businesses such as “5-6” will be the next government’s target including all the informal lenders without enough legal documents. Securities and Exchange Commission (SEC) will start to implement the crackdown on unlicensed creditors or informal lenders who offer “5-6” which will lend … Read more