05/03/2026
๐ฃ ๐ฆ๐๐ ๐ณ๐ถ๐ป๐ฒ๐ ๐ ๐๐น๐ผ๐ฎ๐ป ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐ฎ๐ป๐ฒ๐ ๐ณ๐ผ๐ฟ ๐๐ป๐ณ๐ฎ๐ถ๐ฟ ๐ฑ๐ฒ๐ฏ๐ ๐ฐ๐ผ๐น๐น๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ฝ๐ฟ๐ฎ๐ฐ๐๐ถ๐ฐ๐ฒ๐
The Securities and Exchange Commission (SEC) has directed Myloan Lending Investors, Inc. to stop employing humiliating, coercive, or third-party pressure tactics in its collection activities, in accordance with the Commissionโs rules against unfair debt collection practices.
In an order dated February 18, the SEC Financing and Lending Companies Department (FLCD) found Myloan Lending administratively liable for a second violation of SEC Memorandum Circular (MC) No. 18, Series of 2019, in relation to Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act, as well as its implementing rules and regulations, as provided under SEC MC. No. 5, Series of 2023.
๐ Read more: https://www.sec.gov.ph/pr-2026/sec-fines-myloan-lending-investors-anew-for-unfair-debt-collection-practices/