MANILA, Philippines — The Securities and Exchange Commission (SEC) has ordered Umeta Credit Lending Corp. to immediately stop operating its unregistered online lending platforms. This entity was likewise found to have engaged in unfair debt collection practices. In a cease and desist order issued on Feb. 18, the SEC’s financing and lending companies department had directed the company, along with its owners, incorporators, agents and promoters, to halt all lending transactions and stop promoting its digital lending services. The order covers several online lending platforms controlled by Umeta, including FinLedger-Smart Ledger, Cash Twig, Meta Cash and MorePautang-Loan Hub, as well as […]... Keep on reading: SEC stops Umeta Credit Lending operations