Lending App Harasses You to Pay? SEC’s Aims to End Abusive Debt Collection Practices
Securities and Exchange Commission (SEC) is taking enforcement action against abusive debt collection practices that have long plagued Filipino borrowers. With complaints of harassment, public shaming, unauthorized disclosures, and coercive tactics continuing to rise, the SEC has released a draft memorandum circular establishing a comprehensive accreditation, disclosure, and oversight framework for third‑party collection agencies (TPCAs) […]
ADB Backs the Philippines’ Money Laundering Crackdown via $500,000 Assistance
Philippines’ campaign against dirty money has entered a new phase as the Asian Development Bank (ADB) formally expressed support for the government’s intensified efforts to combat money laundering, terrorism financing, and financial crime. With the country facing heightened scrutiny from global watchdogs and preparing for the next round of evaluations under the Financial Action Task […]