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SEC URGED: STOP LENDERS FROM SHARING PERSONAL DATA

Summary by IKOT.PH
Senator Raffy Tulfo exposed several lapses he observed in the Securities and Exchange Commission (SEC) in terms of regulating financial and lending companies operating their respective online lending applications (OLAs). According to Tulfo, his office has received numerous complaints from netizens who borrowed from OLAs and were shocked to find that their personal information was being shared with others. “The SEC allows lending companies to fr…
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SEC URGED: STOP LENDERS FROM SHARING PERSONAL DATA

Senator Raffy Tulfo exposed several lapses he observed in the Securities and Exchange Commission (SEC) in terms of regulating financial and lending companies operating their respective online lending applications (OLAs). According to Tulfo, his office has received numerous complaints from netizens who borrowed from OLAs and were shocked to find that their personal information was being shared with others. “The SEC allows lending companies to fr…

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IKOT.PH broke the news in on Monday, March 31, 2025.
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