The Securities and Exchange Commission (SEC) has shut down seven unregistered online lending platforms (OLPs) for operating without approval and exposing borrowers to potential abuse.
The Securities and Exchange Commission suspended Jia Financing Inc.’s license for 60 days, citing violations tied to its online lending operations and undisclosed loan offerings.
The Philippine Competition Commission (PCC) and the National Water Resources Board (NWRB) explored opportunities to improve regulation and competition in the water distribution sector in a strategic policy dialogue held on June 11.
Converge ICT Solutions Inc. conducted a cyber safety and livelihood training session on May 22 for 30 mothers and their children in Bamban, Tarlac, amid growing concerns over online scams targeting low-income communities.
BPI’s “#ProudtoBePartofIt” campaign won a Gold Anvil and was among the top three finalists for the Platinum Anvil, the highest recognition for PR Tools.
The agency said the agreement is aimed at protecting clients of some 170 local lenders who are particularly vulnerable to being exploited by unscrupulous players in the wake of natural calamities like Tropical Storm Kristine (international name: Trami).