Thursday, April 11Multi-awarded Filipina blogger, ocial media specialist, publicist and content creator
Shadow

Tag: fcash lending app

FCash Global Lending license canceled

FCash Global Lending license canceled

Advocacy, Government, Mindanaoan Update, Technology
The Securities and Exchange Commission (SEC) has canceled the certificate of authority (CA) of FCash Global Lending, Inc. to operate as a lending company for its unfair debt collection practices. In an order dated August 25, the SEC Corporate Governance and Finance Department (CGFD) found FCash liable for multiple violations of SEC Memorandum Circular No. 18, Series of 2019 (SEC MC 18), which provides for the Prohibition on Unfair Debt Collection Practices of Financing Companies and Lending Companies. The company, which operates online lending platforms Fast Cash and Fast Cash Loan, has made multiple attempts to collect loan payments by contacting or threatening persons other than those that the borrower has identified as guarantors or co-makers, according to the CGFD. FCash has ...
error: Content is protected !!