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SEC revokes Cashtrees lending license over violations

ABS-CBN News
Posted at Mar 24 01:27 PM

The regulatory agency said Cashtrees also violated the SEC's order on disclosing advertisements for online lending apps. Read more »

7 unlicensed lenders ordered to stop operations

ABS-CBN News
Updated as of Feb 16 05:56 PM

The Securities and Exchange Commission said it has ordered 7 online lenders to stop their operations until they are licensed. Read more »

SEC issues moratorium on new online lending apps

ABS-CBN News
Posted at Nov 05 05:32 PM

The Securities and Exchange Commission on Friday issued a moratorium on the registration of new online lending platforms (OLPs) ahead of the release of new rules governing the sector. Read more »

Fintech group tells lending apps to uphold data privacy laws

ABS-CBN News
Posted at Sep 21 07:19 PM

Online lending apps should ensure the protection of data provided by their users as mandated by law, Fintech Alliance.PH said Tuesday. Read more »

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 »

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 »

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 »

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 »

Privacy watchdog looking into debt-shaming allegations by online lending apps

ABS-CBN News
Posted at Jul 11 11:16 PM

Data-privacy authorities saw a surge in complaints against online lending apps for allegedly humiliating their clients for being remiss in making payments. Read more »

Privacy commission sees spike in complaints against lending apps

Bruce Rodriguez, ABS-CBN News
Posted at Jul 10 08:00 PM

The National Privacy Commission on Wednesday said it has seen a surge in complaints against online lending apps that are supposedly humiliating borrowers remiss in their payments by using their personal data. Read more »