SEC seeks comments on revised rules for online lending platforms

Inquirer

SEC seeks comments on revised rules for online lending platforms

MANILA, Philippines – The Securities and Exchange Commission (SEC) is reopening consultations on proposed online lending rules, signaling progress toward lifting its moratorium on new digital lender registrations. In a notice issued on Tuesday, the SEC invited financing and lending companies, industry groups, and consumer advocates to comment on a revised circular establishing requirements for online lending platforms (OLPs). READ: SEC wants to cede lending app oversight to BSP The regulator said it substantially revised the proposal after reviewing feedback from various stakeholders during an earlier round of public consultations. The changes aimed to address industry concerns, improve regulatory clarity, […]... Keep on reading: SEC seeks comments on revised rules for online lending platforms

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