Latest Breaking News On - Easymoney lending corporation - Page 1 : comparemela.com

MANILA - The Securities and Exchange Commission (SEC) has ordered Goodpocket and Easymoney Lending Corporation to stop conducting lending operations without the necessary licenses from the commission. In an order issued January 18, the commission en banc directed Goodpocket and Easymoney to immediately cease and desist from engaging in, carrying out, promoting, and facilitating any lending activity/transaction until they have secured the necessary approval and authorization from the SEC. The companies, their owners, operators, promoters, representatives, and agents were further enjoined to cease from offering and advertising their lending business through the internet or any other media, and to remove all materials involving such. The commission issued the order after finding that Goodpocket and Easymoney have been conducting lending activities despite not being registered as a corporation. Accordingly, both companies have no certificates of authority to operate as a lending or financi

Exchange commissionEasymoney lending corporationLending company regulationLending company regulation actManila the securities and exchange commission sec has ordered goodpocket easymoney lending corporation to stop conducting operations without necessary licenses from in an order issued january 18He commission en banc directed goodpocket and easymoney to immediately cease desist from engaging inCarrying outNd facilitating any lending activity transaction until they have secured the necessary approval and authorization from sec companiesTheir ownersNd agents were further enjoined to cease from offering and advertising their lending business through the internet or any other mediaNd to remove all materials involving such the commission issued order after finding that goodpocket and easymoney have been conducting lending activities despite not being registered asa corporation accordinglyOth companies have no certificates of authority to operate asa lending or financing company republic act 9474R the lending company regulation act of 2007 lcraEquires persons or entities operating as lending companies to register corporations and secure from the sec necessary authority operate quot thusHe act of these online lending operators in offering and providing loans to the public constitutes actual fraud which was intentionally employed lead into belief that they are legally authorized engage business is not has never been caseUot the commission en banc said sec has received complaints about companies 39 unfair collection processes