To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past.
DAVAO CITY The Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of a lending company and warned the public on a dollar investment scheme. Besides revoking its license, the SEC also fined P2 million the Wealth and Personal Development Lending, Inc. and its officers for repeated failure…
DAVAO CITY The Securities and Exchange Commission (SEC) announced it revoked with finality the certificate of authority of Populus Lending Corp. for alleged unlawful debt collection practices and issuing threats and public shaming of clients who fail to settle their debts on time. The SEC also said the lending firm failed…
MAKATI CITY, 19 July 2023 – The Credit Information Corporation (CIC), the country’s sole public credit registry and repository of credit information, is fully
THE Credit Information Corporation (CIC), the country’s sole public credit registry and repository of credit information, is fully geared up to process the Submitting Entity (SE) registration of the 103 financing and lending companies (FCs and LCs) operating online lending platforms (OLPs), following a July 6, 2023 order of the…