67 online lenders summoned for shaming their customers

The National Privacy Commission (NPC) has summoned 67 online lenders for debt shaming their customers, choosing to contact them through newspaper publications after the agency was unable to identify their physical addresses.

The AFN issued a Summary Hearing Order on Friday, October 4, directed against a long list of applications, whose agents or representatives used their customers’ personal information “to harass, threaten or coerce them into settling their loans. “, the prescription read.

The order was published in popular newspapers after the NPC was unable to send individual notices to affected companies. They, including their respective boards, were ordered to appear for a summary hearing at the PICC complex along Roxas Boulevard in Manila on October 15.

At this point, it’s unclear how many companies operated the 67 apps, as it was possible for one company to operate multiple platforms. The command only mentioned the names of the mobile applications.

This is also distinct from the three online lending companies that NPC had charged with similar violations in September.

AFN Deputy Commissioner Leandro Aguirre said in a text message that corporate names, physical addresses or email addresses “cannot be identified for purposes of serving orders or notices.”

It marked another development in the ongoing lawsuit of companies that use their customers’ personal information to threaten them with settling debts, a tactic that involves public shaming for unpaid loans of as little as P1,000.

“Failure to appear or comply with this order may justify the issuance of a temporary ban on the processing of personal data and the submission of complaints for decision on the basis of individual evidence,” the order states.

The list of apps includes Cashalo, but the NPC could neither confirm nor deny whether it was the same mobile platform as Gokongwei-owned JG Summit Holdings Inc. and Hong Kong-based Oriente.

Last month, NPC’s investigative team filed charges against three online lending companies which accounted for 61% of the 921 complaints received by NPC since July last year.

These companies were Fynamics Lending Inc., which operates the PondoPeso app; Unipeso Lending Co., which operates the Cashlending app; and Fcash Global Lending Inc., operator of the Fast Cash app.

The three companies and their administrators were given 10 days last month to respond to the charges, which included failure to comply with legal requirements for handling personal data as well as malicious and unauthorized disclosure.

Aguirre told reporters Thursday, Oct. 3, that Fynamics had asked for more time while the other two filed motions to dismiss the charges.

He refrained from discussing the merits of the responses, which would be judged by the agency’s commissioner and deputy commissioners, including himself. He said, however, that the commission hopes to resolve the cases before the end of the year./TSB

List of 67 online loan applications

1. Akulaku

2. Batis loan

3. Cash Bus

4. Cash Flyer

5. Cash loan

6. Silver currency

7. Money to go

8. Hot Money

9. Cashafin

10. Cashaku

11. Cashalo

12. Cashasso

13. Cash loan

14. Cashope

15. Whale

16. Crazy Loan

17. Coin Credit

18. Peso on credit

19. Crutchpil

20. First Loan

21. Cash

22. Good Money

23. Hello Papaya

24. JK Cash Quick Loan

25. Kwago

26. Lalapeso (Mintwagon Lending Corp)

27. Loan money

28. Light Credit

29. Loan Champion

30. Lending Currency

31. Loan Wallet

32. Mobile Cash

33. Mango Money

34. Mango Ready

35. Mcmpire

36. Megaloan

37. MF Cash (Microdot Lending Corporation)

38. Moola Loan

39. Cash Money

40. Philippines Online Loans

41. Pautang peso

42. Pera advances

43. Pera Express

44. Loan from Pera

45. Pera Pocket (Rainbow Silver)

46. ​​Pera4u

47. Legend of the peso

48. Loan in pesos

49. Peso now

50. Peso online

51. Peso Q

52. Peso to go

53. Peso tree

54. peso wallet

55. Peso.ph

56. Peso2go

57. Pesomine

58. Peso ph

59. Pesos.ph

60. Pinoy Silver

61. Peso Pinoy

62. Pondo pocket

63. QCcash

64. Sell a Loan

65. Supercash

66. Super peso

67. Peso Utang

Read more

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TAGS: apps, companies, debt, harassment, hearing, lenders, newspapers, online, privacy, shame, violations
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