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SEC orders Umeta Credit Lending to halt operations - BusinessWorld Online
Summary by bworldonline.com
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1 Articles
SEC orders Umeta Credit Lending to halt operations - BusinessWorld Online
THE Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Umeta Credit Lending Corp. and its associated online lending platforms (OLPs) for unauthorized operations and allegedly engaging in unfair debt collection practices. In a cease-and-desist order dated Feb. 18, the SEC’s Financing and Lending Companies Department (FLCD) instructed Umeta Credit and its platforms, including FinLedger – Smart Ledger, Cash T…
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