Sunday, May 3, 2026
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Tag: online lending platforms

SEC plans to end four-year ban on new online lending platforms

The Securities and Exchange Commission (SEC) plans to lift its moratorium on the registration of new online lending platforms (OLPs) while imposing higher capital...

How interest rate limits hurt financial inclusion in PH

"The imposition of rigid interest rate ceilings, to protect consumers, paradoxically deepens this exclusion and stunts the very growth we seek" THE Philippines, despite its...

SEC orders Microdot Lending to halt operations over unfair debt practices

The Securities and Exchange Commission (SEC) said it ordered Microdot Lending Corp. to immediately halt its operations for allegedly engaging in unfair debt collection...

SEC stops operations of Zada Cash, Bloom Cash for unregistered lending

The Securities and Exchange Commission (SEC) said Friday it issued a cease-and-desist order (CDO) against Convenience Cash Lending Corp. which operates under the names...

Villanueva files measure seeking probe into digital lending platforms

Senate Majority Leader Joel Villanueva filed a resolution that seeks to probe the rise of unauthorized and unregistered online lending platforms in the country victimizing hundreds...

SEC stops accepting new online lenders

The Securities and Exchange Commission declared a moratorium on the registration of new online lending platforms as it drafts new rules to stamp out...

Privacy body, finance groups hit app harvesting

The National Privacy Commission (NPC) and finance groups have strongly condemned the harvesting of excessive information of some online lending platforms, such as saving...
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