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Nakunan dahil sa hiya: Mga sinindak ng lending apps nagreklamo sa NBI

ABS-CBN News
Updated as of Nov 14 07:37 PM

Si Karen Badang naman, na nasa kalagitnaan daw ng maselan niyang pagbubuntis, ay hindi umano tinantanan ng tumatawag na kolektor ng utang.  Read more »

Philippines seeks Google's help vs abusive online lending

ABS-CBN News
Updated as of Oct 30 01:21 PM

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. Read more »

SEC asks BSP to cap interest rates, fees on consumer, payday loans

ABS-CBN News
Posted at Oct 28 12:41 PM

Predatory lending, which results in abusive, unethical and unfair means of collecting debt payments, remains as one of the major public complaints to the SEC, chairperson Emilio Aquino said in a statement. Read more »

NPC orders 26 lending firms to stop online operations

ABS-CBN News
Posted at Oct 21 07:29 PM

The National Privacy Commission said Monday it has ordered 26 mobile apps to stop online lending operations due to failure to respond to complaints. Read more »

'Clear risks' for stability in China's Pacific lending

Agence France-Presse
Posted at Oct 21 11:01 AM

In a study released Monday, the influential Lowy Institute warned that fragile Pacific nations risked borrowing too much and leaving themselves exposed to demands from Beijing. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »

NPC summons 67 online lending firms over privacy complaints

ABS-CBN News
Posted at Oct 04 11:08 PM

The National Privacy Commission (NPC) on Friday summoned 67 online lending companies over data privacy complaints. Read more »

Opisina ng online lending app na nanghihiya sinalakay; 54 timbog

Jerome Lantin, ABS-CBN News
Updated as of Sep 27 07:28 PM

Nag-ugat ang operasyon dahil sa sandamakmak na reklamo laban sa Mango Loan App na pinatatakbo ng Fuwei Lending Corporation sa Pasig City. Read more »

Mga nagreklamo vs 'namamahiyang' lending apps pumalo sa 1,000

ABS-CBN News
Posted at Sep 25 08:33 PM

Pinangalanan na ng Securities and Exchange Commission ang 19 online lending apps na inirereklamong namamahiya ng kanilang mga pinautang.  Read more »

SEC investigating 64 lending apps over complaints of harassment

ABS-CBN News
Posted at Sep 25 10:18 AM

The Philippine Securities and Exchange Commission said that while fintech is helping bridge the gap for unbanked Filipinos, some are taking advantage of the system to cheat or harass clients. Read more »

SEC asks Google to ban firms behind lending apps shut down in PH

ABS-CBN News
Updated as of Sep 24 11:43 AM

If any of the apps continue to operate, their operators will be held liable, the SEC warned. Read more »

SEC orders 11 online lending apps to stop operations

ABS-CBN News
Updated as of Sep 23 02:06 PM

The Securities and Exchange Commission (SEC) said Monday it has ordered 11 online lending applications to stop its operations following complaints. Read more »

2 dayuhan timbog sa lending scam sa Pasig

ABS-CBN News
Updated as of Sep 13 08:43 PM

Naaresto noong Huwebes sa Pasig City ang 2 dayuhan na umano ay nangubra ng pera mula sa lending company gamit ang mga pekeng dokumento. Read more »

Lending apps take control of borrowers' phones, complainants say

ABS-CBN News
Posted at Sep 07 12:14 AM

Three Philippine online lending firms are charged with data privacy violations after borrowers complained their lending apps sent text messages on their own and took control of their phone cameras. Read more »

Online lenders warned against 'debt-shaming'

Warren de Guzman, ABS-CBN News
Updated as of Sep 06 04:52 PM

Creditors who violate data privacy laws through "debt-shaming" may face up to 7 years in jail and may be asked to pay fines of up to P5 million, NPC commissioner Raymund Liboro said. Read more »

Philippines 'not particularly vulnerable' to China slowdown: Fitch

ABS-CBN News
Updated as of Aug 22 02:05 PM

China’s expected GDP slowdown to 5.9 percent in 2020 from 6.2 percent is not enough to move the needle but Singapore, Hong Kong, Taiwan and South Korea may see "ripple effects" due to exposure in trade and lending,Fitch Ratings Credit Policy Group's regional credit officer Dan Martin told ANC. Read more »

Bank lending growth slows; domestic liquidity expands: BSP

ABS-CBN News
Posted at Jul 31 07:13 PM

MANILA - The Bangko Sentral ng Pilipinas said bank lending posted slower growth in June compared to May.  Read more »

Dreading 'petsa de peligro'? Startup offers salary advance for workers

Jessica Fenol, ABS-CBN News
Updated as of Jul 23 03:43 PM

Advance.ph simulates the "bale" system and allows partner companies to provide loans from P1,000 to up to 50 percent of an employee's salary. Read more »

'Pautang' apps na 'namamahiya' para makasingil pambihira sa Pilipinas: NPC

ABS-CBN News
Posted at Jul 14 04:31 PM

Tila pambihira umano sa Pilipinas ang sistema ng ilang makabagong mobile lending apps na namamahiya ng mga hindi nakakabayad sa oras, sabi nitong Linggo ng National Privacy Commission. Read more »

Privacy commission probing 93 lending apps

ABS-CBN News
Updated as of Jul 14 11:48 PM

The National Privacy Commission (NPC) on Sunday said it is probing 93 lending apps amid complaints that operators of these apps access the contact lists of users unable to pay to humiliate borrowers into settling their debts. Read more »