Securities and Exchange Commission

Browse over 2718 requests from this government agency

Go Back

  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2021-11-18 21:14:29.615517

  • PROCESSING REQUEST

    Your request is already in review

  • REQUEST SUCCESSFUL

    Your request was successful

    Date: 2021-11-19 12:33:26.548358

  • 4

    RATE YOUR REQUEST

    How was your request?

Request to take down illegal OLA Lending Companies in the Philippines

Requested from SEC by G. Laspiñas at 09:14 PM on Nov 18, 2021.
Purpose: Remove and Eliminate Scammers
Date of Coverage: 01/01/2015 - 11/18/2021
Tracking no: #SEC-710656280047

Laspiñas 09:14 PM, Nov 18, 2021 

Hi,
I would like to request to revoke the licenses of OLAs in the Philippines who have high interest rates, practicing inhumane, non justifiable collection process, data and privacy breach - using our sensitive information and humiliating debtors in public posting their IDs, pictures online and libel. Furthermore, invading into our phone information gathering phone contacts and text messaging and calling phone contacts with unreasonable amount of texts and calls. The following companies are as follows: OURCASH,PeraUp
Cashbee,Madaloan Cashme PH Pesoloan
Pesohaus
Moneycat
Digido
OLP,CashXpress,

Infante 12:33 PM, Nov 19, 2021 

November 19, 2021

Dear Ms. Girlie Laspiñas,

Greetings!

Thank you for your request dated Nov 18, 2021 09:14:29 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked to "take down illegal OLA Lending Companies in the Philippines".

Response to Request

Please be informed that when submitting requests through the FOI Portal, the filer's proof of identification should not bear inappropriate markings, erasures and/or alterations as the same may cause denial of the request.

Kindly visit our website containing the Advisories, Notices, other updates, and the procedures for filing complaints concerning lending companies:
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/lending-companies-and-financing-companies/; and,
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/complaints/.

You may email the accomplished Complaint Form to cgfd_md@sec.gov.ph with the email subject line in this format: COMPLETE NAME_RESPONDENT COMPANY_SUBJECT OF COMPLAINT.  To assist in the CGFD’s evaluation of the same, kindly attach a scanned copy of your valid government-issued I.D. and supporting evidence/documents such as disclosure statement, amortization schedule, receipts, promissory notes, and other relevant documents in connection with your loan transaction with the company. 

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Violeta Infante
FOI Receiving Officer

Is this request offensive?

Requests for personal information and vexatious requests are not considered valid requests for Official Information.

If you believe this request is not suitable, you can report it for attention by the site administrators.