SEC warns vs unregistered online lending apps

By Faye Almazan

Jun 25, 2021 12:48 am

The Securities and Exchange Commission (SEC) warned lending and financing companies to register and disclose their online lending platforms (OLPs) to avoid revocation of licenses.

The commission in a statement on Thursday said the registration and disclosure requirements allow for closer monitoring of online activities and provide additional protection for borrowers from predatory lending.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Semirara readies P6.9B for 2025 capital spending

Megaworld to develop 300 hectares this year

Maynilad chief: 2025 'should be a better year'

Cavite busway partially open Sept – Megawide

Toyota PH, BYD seen leading vehicle sales

Commissioning starts for ACEN's India project

San Miguel Foods, DA partner for farmers