A Securities and Exchange Commission (SEC) division has called recommended the ancellation of the certificates of incorporation and authority issued to SunCash Lending Investors Corp. after the firm was found to have employed unfair debt collection practices and failed to properly disclose its online lending platforms.
The SEC's Financing and Lending Companies Division (FLCD) found that SunCash Lending had threatened borrowers with shaming and also published their names as scammers and warned people in their contact lists.
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