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× SEC issues cease-and-desist orders vs 19 lending apps

MANILA, Philippine --- More online lending companies may soon face government scrutiny after the Securities and Exchange Commission (SEC) on Monday said it had issued cease-and-desist orders against 19 online lending applications.


These orders, according to SEC Commissioner Kelvin Lester Lee, followed numerous complaints, including invasion of privacy and harassment.


The Sept. 12 orders…