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Credit bureau backs capping loan interest rates
THE Credit Information Corp. (CIC) announced its support for the introduction of a cap on interest rates and other fees for specific loans offered by loan companies (LCs), finance companies (FCs) and their!-->…
Interest rate, fees on small loans capped
Lending and finance companies can no longer subject their customers to exorbitant interest rates for on-demand loans.The Securities and Exchange Commission (SEC) has issued…
SEC caps loan company interest rates and fees – Manila Bulletin
The Securities and Exchange Commission (SEC) has issued a circular that caps interest rates and other fees charged by lending and finance companies, and their online lending platforms (OLPs).
SEC Memorandum Circular No. 3, Series of 2022…
SEC puts cap on finance company loans and interest rates
MANILA – The Securities and Exchange Commission (SEC)…
Higher interest rates are coming. Are you ready?
Everything seems to get more expensive. Food, gas and housing prices are on the rise, while paychecks are slow to keep pace. CBC News' Priced Out series explains why you pay more at checkout and how Canadians cope with the high cost of…
The sinister schemes of online lenders
VECTORJUICE-FREEPIK
Angelo is a humble family man who represents everyday Filipinos. A loving husband and father of two, the Bulakeño native works as a family driver at a Pasig-based house. He earns a fair wage,…
NFT Arcade-Backed Lending Platform Raises $15M
Arcadea platform that allows users to use non-fungible tokens as collateral for loans, announced on Wednesday that it has raised $15 million in new funding to expand its team and platform, which is already in beta. private.
Investors…
Are online lenders safe?
Like other banks and financial institutions, online lenders must follow certain laws and regulations set by regulatory bodies. In particular, they must take steps to ensure that it is not beyond a borrower's means to repay a loan, as well…
SSS opens online application for retiree pension loan
Social Security System (SSS) retirees can now apply for the Pension Loan Program (PLP) online, the public pension fund has announced.In a statement on Saturday, the SSS said it had added a…
What does the rate hike mean for online lenders?
Murat Giray Kaya | E+ | Getty Images The past half-decade has been a gold rush for new online lenders. As banks drown in regulation and the explosion of big data opens up space for more new entrants, a wave of web-based lending…