Philippines seeks Google's help vs abusive online lending


Posted at Oct 30 2019 01:08 PM | Updated as of Oct 30 2019 01:21 PM

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MANILA – The National Privacy Commission on Wednesday said it was eyeing a more permanent solution to curb the abusive use of information by some online lenders, enlisting the help of Google's app portal.

At least 27 online lending companies have been shut as the NPC investigates consumer complaints, its commissioner, Mon Liboro, told ANC. Some 5,000 complaints have so far been filed.

"Marami na ho kaming ipinatawag na mga app, marami na rin ho kaming ipinasara. Nagiging maingat din kami sa bagay na ito pagka’t may mga online lending na nakakatulong talaga," Liboro said.

(We have summoned many apps and we have ordered the closure of many. We are very careful in this issue because there are online lending firms that are legitimate and helpful)

“Meron na rin kaming pakikipag ugnayan sa Google Play kasi yang mga yan ay nakalagak sa platform ng Google Play. Tinitingnan din namin ang pangmatagalan na solusyon," he added.

(We have a partnership with GooglePlay since the apps are found there. We are looking at a permanent solution)

The Securities and Exchange Commission earlier ordered the closure of some online lending firms due to “abusive collection practices."

Liboro encouraged victims of abusive practices to report incidents to the NPC hotline 2342228 local 114 or through its Facebook page.