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The Securities and Exchange Commission (SEC) has revoked the Certificate of Incorporation and Certificate of Authority (CA) of SunCash Lending Investors Corp. to operate as a lending company.
The revocation is due to Suncash’s use of unfair debt collection practices and for failing to properly di
The Securities and Exchange Commission (SEC) has revoked the registration and secured conviction of several illegal lending companies as part of its sustained crackdown against illegal and abusive lenders, the Department of Finance (DOF) said. In a statement, the DOF cited an SEC report that sho
THE Securities and Exchange Commission (SEC) is set to put up an office within the agency that will center on regulating financing or lending companies as it intensifies it crackdown against illegal lenders. SEC Chairman-CEO Emilio B. Aquino said they will focus their campaign on abusive lending companies after they…