SEC to jack up lending firms’ capital requirement

MANILA, Philippines — After capping interest rates, the Securities and Exchange Commission (SEC) will step up efforts to weed out predatory lending companies by jacking up the capital requirement by at least 10 times and introducing a collection agent accreditation system. In a chance interview with the Inquirer, SEC Chair Francis Lim lamented the proliferation […]... Keep on reading: SEC to jack up lending firms’ capital requirement