MANILA -- The Securities and Exchange Commission (SEC) has enjoined another batch of online lending operators from further engaging in lending activities for their failure to secure the necessary licenses.
The National Privacy Commission (NPC) today issued summons by publication aimed at 67 unlisted operators of online lending applications, who were subject of data privacy complaints but whose identities and business addresses elude detection.
MAKATI CITY, 4 October 2019 – As a way of introducing the large-scale use of Credit Reports to financial institutions (FIs), the Securities and Exchange Commission (SEC) En Banc, on 27 September 2019, granted the request of Credit Information Corporation (CIC) for an introductory price of P10 until 31
MANILA, Philippines — The Credit Information Corp. (CIC) is giving financial institutions a cheaper way to build up their database of about nine million borrowers to lower investment risks and at the same time improve the access to credit for individuals as well as micro, small, and medium enterprises (MSMEs).
FINANCIAL INSTITUTIONS can now avail credit reports from the Credit Information Corporation (CIC) for an introductory fee of P10 until March 2020.
STATE-RUN Credit Information Corp. (CIC) has reported an increase in registered financial institutions and those regularly submitting credit data for its credit information database.
MANILA, 27 September 2019 – As part of its mandate to establish a comprehensive and centralized Credit Information System (CIS) in the country, the Credit Information Corporation (CIC) published the official list
The Securities and Exchange Commission (SEC) has issued a cease and desist order against 11 more online lending applications operated by unlicensed persons, following numerous complaints for unreasonable and abusive lending and collection practices.
MAKATI CITY, 20 September 2019 – The Credit Information Corporation (CIC) — the country’s central credit registry and repository of credit information — officially opens its doors to Filipino borrowers who would like to obtain a copy of their CIC Credit Report.
Metro Manila (CNN Philippines, September 16) — The country's corporate regulator has shut down 19 illegal online lending firms following complaints of invasion of privacy and harassment.
