THE Securities and Exchange Commission has issued a memorandum circular implementing the cap on interest rates and other fees imposed by lending and financing companies and their online lending platforms (OLPs). SEC Memorandum Circular 3 (series of 2022) provides the guidelines on the implementation of Bangko Sentral ng Pilipinas Circular…
The Securities Exchange Commission (SEC) said Tuesday it ordered eight online lending companies to halt their activities without the necessary licenses.
The Securities and Exchange Commission (SEC) has issued cease and desist orders against five illegal online lending operators for conducting lending activities without prior authorization from the Commission. In an order issued February 3, the Commission En Banc directed Tacoloan, VCash, 365 Cash,
The Securities and Exchange Commission (SEC) said Thursday it has released the draft memorandum circular for the implementing of the cap on interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs).
The Securities and Exchange Commission (SEC) is drafting rules that will limit interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs). The draft memorandum circular released for public comment will operationalize Bangko Sentral ng Pilipin