Tag page - online lending apps

The Senate on Monday, March 9, approved on third and final reading Senate Bill No. 1744, otherwise known as the Fair Debt Collection Practices Act. Voting 20-0-0, the Upper Chamber approved the proposed measure, which aims to regulate debt collection practices and protect debtors from abuse,...

Senator Juan Miguel "Migz" Zubiri has said that as part of the curbing the country 's online gambling problem, the government must also place tighter regulations on predatory Online Lending Applications (OLAs). Zubiri said this during the Development Budget Coordination Committee briefing on...

Senate Majority Leader Joel Villanueva has called on the Bangko Sentral ng Pilipinas (BSP) to intensify its regulatory efforts against online lending applications, which have been linked to the growing incidence of cybercrimes and the rise of online gambling in the country. In a recent statement,...