Win Gatchalian Assures Law Against Abusive Lending Companies Abusing Clients Senator Win Gatchalian assures the public to pursue a law against abusive lending companies and loan sharks who threaten their clients that are not paying in time. Gatchalian issued a warning to all financial service providers, including online lending platforms, about using abusive debt collection … Read more
Here’s the list of lending companies in Philippines with Certificate of Authority. LENDING COMPANIES – Here is the full list of lending companies in the Philippines with Certificate of Authority as of December 2017 based on Security and Exchange Commission. What is LENDING? According to The Balance Small Business, lending is also known as financing. … Read more
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
SEC Suspends An Addition 20 Lending Companies The Securities Exchange Commission (SEC) has ordered the suspension of another 20 lending companies following the suspension of 84 lending firms. On Friday (April 07, 2017), SEC suspended the operations of additional 20 lending corporations for failing to obtain a Certificate of Authority (CA) to officially operate as … Read more
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